Int 1676-2017
Increasing the maximum qualifying income for the senior citizen homeowner’s exemption and the disabled homeowner’s exemption.
New York City provides a real property tax exemption to low-income senior citizen homeowners called the Senior Citizen Homeowner Exemption (SCHE) and to low-income disabled homeowners called the Disabled Homeowner Exemption (DHE). The exemptions function by exempting a percentage of the assessed value (between five and 50 percent) of qualifying real property from taxation on a sliding scale based on income. Currently, in order to be eligible for either exemption, the combined income of the property owners must be less than $37,400. On July 25, 2017, the State enacted legislation authorizing the City to increase the eligible income threshold for both SCHE and DHE to $58,400.
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Bill History (11)
Meetings & Hearings (3)
Documents
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Summary of Int. No. 1676
9/11/2017
Committee Report 8/8/17
9/11/2017
Committee Report 8/9/17
9/11/2017
Int. No. 1676
9/11/2017
August 9, 2017 - Stated Meeting Agenda with Links to Files
9/11/2017
Hearing Transcript 8/8/17
9/11/2017
Fiscal Impact Statement
9/11/2017
Hearing Testimony 8/8/17
9/11/2017
Hearing Testimony 8/8/17 additional
9/11/2017
Hearing Transcript 8/9/17
9/11/2017
Hearing Transcript - Stated Meeting 8-9-17
9/11/2017
Int. No. 1676 - (FINAL)
9/11/2017
Mayor's Letter
9/11/2017
Legislative History Report
10/4/2017
Local Law 140
10/4/2017
Minutes of the Stated Meeting - August 9, 2017
10/31/2017