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Local law · Int 0934-2026

The creation of additional annual income categories and corresponding exemption percentages for certain households eligible for the senior citizens homeowners’…

New York City Council

Latest action Sep 18, 2026

Sponsor: Simcha Felder (Council Member, District 44, Democratic)

Official titleShow

A Local Law to amend the administrative code of the city of New York, in relation to the creation of additional annual income categories and corresponding exemption percentages for certain households eligible for the senior citizens homeowners’ exemption

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

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From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Aug 1, 2026. About our data

Summary

Currently, senior citizens with annual incomes of $50,000 or less may qualify for an exemption from real property taxes to the extent of 50% of the assessed value of their homes. Acting upon authority granted to the City under a recent amendment of State law, this bill would expand tax relief to such senior citizen homeowners in the following income brackets: for homeowners with incomes equaling $48,000 or more but less than $49,000, 55 percent of the assessed home value would be exempt; for homeowners with incomes equaling $47,000 or more but less than $48,000, 60 percent of the assessed home value would be exempt; and for homeowners with incomes less than $47,000, 65 percent of the assessed home value would be exempt.

Summary from NYC Council (Legistar). How we handle summaries

Where it stands

Assigned to a committee for review.

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

Committee

Committee on Finance

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Cosponsors

9

Cosponsors in the order the New York City Council lists them.

  • Democratic8
  • Republican1

This bill has cosponsors from more than one party.

Shown in neutral colors by design; Agora is non-partisan.

Full history

  1. Sep 18, 2026

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Disabilities

  2. Sep 18, 2026

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Finance

  3. Sep 18, 2026

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Aging

  4. Sep 18, 2026

    Held over

    This Introduction was Laid Over by Committee

    Committee on Finance

  5. Sep 18, 2026

    Held over

    This Introduction was Laid Over by Committee

    Committee on Aging

Show full history (3 earlier events)
  1. Sep 18, 2026

    Held over

    This Introduction was Laid Over by Committee

    Committee on Disabilities

  2. Jun 11, 2026

    Introduced

    This Introduction was Introduced by Council

    NYC Council

  3. Jun 11, 2026

    Referred to committee

    This Introduction was Referred to Comm by Council to the Committee on Finance

    NYC Council

Read the record