Seniors Deserve Property Tax Break
June 2, 2015
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ISSUE:
- Taxes
- Property Tax
- Seniors
Last week Senator Felder (D – Brooklyn) joined forces with Senator Marty Golden (R,C,I – Brooklyn) to pass legislation aimed at easing the tax burdens of the senior community.
Senate Bill S1074 increases the maximum income eligibility levels for real property tax exemptions for seniors for the first time since 1994. This legislation will allow seniors to receive increased relief from their local real property taxes.
“Our senior citizens play such a vital role in our communities,” said Senator Felder. “It is only right that we help ease their financial burdens by expanding eligibility for tax exemptions.”
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