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Senate bill · S6166 (2025-26)

Relates to delinquent tax interest rates

Latest action Jun 9, 2025

Summary

Relates to setting a minimum and maximum delinquent tax interest rate for payments due on residential real property.

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Where it stands

Passed one of the two chambers; it still needs the other.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

New York State Senate

Amends the Real Property Tax Law.

Committee

Local Government · New York State Senate

Also referred to Real Property Taxation · New York State Assembly.

Purpose, from the sponsor's memo

To tie the interest rate for delinquent tax payments due on real proper- ty to the prime interest rate and set a floor of two percent and ceiling of sixteen percent.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

  • Vote: Floor vote

    NY SenateJun 9, 2025Result: passed

    (60) (2) (0) (1)

  • Vote: Committee vote · Rules

    Senate RulesJun 9, 2025Result: passed

    (21) (0) (0) (0)

The sponsor's argument

Why the sponsor says this is needed

This bill provides relief for owners of residential properties who fall behind in their taxes. The incredibly high interest rates that munici- palities across New York State are charging prevents many homeowners from being able to resolve their tax foreclosure delinquency and avoid foreclosure. Section 924-a currently sets the floor for the lowest rate a munici- pality may charge at twelve percent. This has not been updated since 1983 and does not reflect the current economic conditions in New York State. This bill would update section 924-a to cap the delinquent tax interest rate at 16%, reduce the floor to 2% and tie the rate to the prime interest rate.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

  1. Jun 9, 2025

    In committee

    COMMITTEE DISCHARGED AND COMMITTED TO RULES

    NY Senate

  2. Jun 9, 2025

    Sent to the executive

    DELIVERED TO ASSEMBLY

    NY Senate

  3. Jun 9, 2025

    Ordered to Third Reading CAL.1694

    ORDERED TO THIRD READING CAL.1694

    NY Senate

  4. Jun 9, 2025

    Passed a chamber

    PASSED SENATE

    NY Senate

  5. Jun 9, 2025

    Referred to committee

    REFERRED TO REAL PROPERTY TAXATION

    NY Assembly

Show full history (1 earlier event)
  1. Mar 6, 2025

    Referred to committee

    REFERRED TO LOCAL GOVERNMENT

    NY Senate

About this record

Summary

The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.

Source

From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Nov 2, 2026. About our data

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