The New York State Senate passed Senate bill 638, on May 7, 2012, which allows local governments to authorize property tax exemptions for people who make improvements or changes to their homes to accommodate senior relatives or disabled people. The legislation means that homeowners are able to add on to their homes for this purpose without having to pay higher taxes resulting from increased property assessments.
This legislation allows owners of residential property which is their principle place of residence to make changes in order to rent or house a senior or a disabled person without experiencing an increase in assessment. Allowing seniors and persons with disabilities to reside with family saves significant amounts of money that would be passed on to taxpayers if these individuals had to move into State subsidized facilities.
The bill has been sent to the Assembly.