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S T A T E O F N E W Y O R K
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10154
I N A S S E M B L Y
February 12, 2026
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Introduced by M. of A. BENDETT -- read once and referred to the Commit-
tee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to providing an
age-adjusted increase to the school tax relief (STAR) exemption for
basic and enhanced STAR recipients
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Paragraph (b) of subdivision 2 of section 425 of the real
2 property tax law is amended by adding a new subparagraph (vii) to read
3 as follows:
4 (VII) AGE-ADJUSTED BASE FIGURE. NOTWITHSTANDING ANY OTHER PROVISION OF
5 THIS SECTION, FOR PURPOSES OF COMPUTING THE EXEMPT AMOUNT PURSUANT TO
6 SUBDIVISION TWO OF THIS SECTION, THE BASE FIGURE FOR BOTH THE BASIC STAR
7 EXEMPTION AND THE ENHANCED STAR EXEMPTION SHALL BE SUBJECT TO THE AGE
8 ADJUSTMENT PROVIDED IN PARAGRAPH (D) OF THIS SUBDIVISION WHEN THE PROP-
9 ERTY IS OWNED BY ONE OR MORE ELIGIBLE OWNERS WHO HAVE ATTAINED THE AGE
10 OF SIXTY-FIVE YEARS.
11 § 2. Subdivision 2 of section 425 of the real property tax law is
12 amended by adding a new paragraph (m) to read as follows:
13 (M) AGE-ADJUSTED BASE FIGURE. (I) FOR PURPOSES OF THIS PARAGRAPH,
14 "AGE" SHALL MEAN THE AGE, AS OF DECEMBER THIRTY-FIRST OF THE CALENDAR
15 YEAR PRECEDING THE APPLICABLE TAXABLE STATUS DATE, OF THE YOUNGEST OWNER
16 WHO (A) PRIMARILY RESIDES ON THE PROPERTY, AND (B) OTHERWISE SATISFIES
17 THE ELIGIBILITY REQUIREMENTS FOR EITHER THE BASIC OR ENHANCED STAR
18 EXEMPTION UNDER THIS SECTION.
19 (II) WHERE THE AGE OF SUCH YOUNGEST ELIGIBLE OWNER IS SIXTY-FIVE YEARS
20 OR GREATER, THE BASE FIGURE OTHERWISE APPLICABLE UNDER PARAGRAPH (B) OF
21 THIS SUBDIVISION SHALL BE INCREASED BY THE FOLLOWING AGE ADJUSTMENT
22 AMOUNT:
23 (A) AGE SIXTY-FIVE THROUGH SIXTY-NINE: AN INCREASE OF TEN PERCENT OF
24 SUCH BASE FIGURE;
25 (B) AGE SEVENTY THROUGH SEVENTY-FOUR: AN INCREASE OF TWENTY PERCENT OF
26 SUCH BASE FIGURE;
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14680-01-6
A. 10154 2
1 (C) AGE SEVENTY-FIVE THROUGH SEVENTY-NINE: AN INCREASE OF THIRTY
2 PERCENT OF SUCH BASE FIGURE;
3 (D) AGE EIGHTY THROUGH EIGHTY-FOUR: AN INCREASE OF FORTY PERCENT OF
4 SUCH BASE FIGURE;
5 (E) AGE EIGHTY-FIVE AND OVER: AN INCREASE OF FIFTY PERCENT OF SUCH
6 BASE FIGURE.
7 (III) THE COMMISSIONER SHALL ANNUALLY INCORPORATE THE AGE-ADJUSTED
8 BASE FIGURE INTO THE CALCULATION OF THE EXEMPT AMOUNT FOR EACH ASSESSING
9 UNIT IN THE SAME MANNER AS OTHER ADJUSTMENTS REQUIRED BY THIS SUBDIVI-
10 SION, INCLUDING THE SALES PRICE DIFFERENTIAL FACTOR, EQUALIZATION
11 FACTOR, FLOOR, AND ANY ADJUSTMENT REQUIRED FOR CITY SCHOOL DISTRICTS
12 PURSUANT TO PARAGRAPH (J) OF THIS SUBDIVISION.
13 (IV) THE AGE ADJUSTMENT PROVIDED BY THIS PARAGRAPH SHALL APPLY TO
14 PROPERTY OTHERWISE ELIGIBLE FOR THE BASIC STAR EXEMPTION UNDER SUBDIVI-
15 SION THREE OF THIS SECTION AND TO PROPERTY OTHERWISE ELIGIBLE FOR THE
16 ENHANCED STAR EXEMPTION UNDER SUBDIVISION FOUR OF THIS SECTION.
17 (V) IN NO EVENT SHALL APPLICATION OF THIS PARAGRAPH REDUCE THE TAXABLE
18 ASSESSED VALUE OF ANY PROPERTY BELOW ZERO OR ENTITLE ANY PARCEL TO MORE
19 THAN ONE EXEMPTION UNDER THIS SECTION FOR ANY SCHOOL YEAR.
20 § 3. Subdivision 4 of section 425 of the real property tax law is
21 amended by adding a new paragraph (d) to read as follows:
22 (D) AGE-ADJUSTED BASE FIGURE. THE ENHANCED STAR EXEMPTION AUTHORIZED
23 BY THIS SUBDIVISION SHALL BE COMPUTED USING THE AGE-ADJUSTED BASE FIGURE
24 PROVIDED IN PARAGRAPH (D) OF SUBDIVISION TWO OF THIS SECTION, WHERE
25 APPLICABLE, IN ADDITION TO THE INCOME-BASED ADJUSTMENTS AND ELIGIBILITY
26 REQUIREMENTS SET FORTH IN THIS SUBDIVISION.
27 § 4. This act shall take effect on the first of January next succeed-
28 ing the date on which it shall have become a law and shall first apply
29 to assessment rolls prepared on the basis of taxable status dates occur-
30 ring on or after such effective date.