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A07061Introduced in the Assembly

Establishes the 13 member temporary state commission on New York city property tax reform to propose property tax reform for the city of New York that promotes fairness, clarity, and simplicity; that eliminates structural inequality and taxes similar properties similarly; that encourages the development and preservation of affordable and multifamily housing; that includes owner relief programs and an approach to transition that insures low- and moderate-income owners have affordable tax bills and that primary residents are not displaced from their homes; and that does not diminish revenue for the city of New York.

IntroducedAssembly Real Property Taxation

Introduced by Edward Braunstein, District 26

What does this bill do?

Plain-English breakdown

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Official description

Establishes the 13 member temporary state commission on New York city property tax reform to propose property tax reform for the city of New York that promotes fairness, clarity, and simplicity; that eliminates structural inequality and taxes similar properties similarly; that encourages the development and preservation of affordable and multifamily housing; that includes owner relief programs and an approach to transition that insures low- and moderate-income owners have affordable tax bills and that primary residents are not displaced from their homes; and that does not diminish revenue for the city of New York.

Where it stands

referred to real property taxation

January 7, 2026

How did lawmakers vote?

No recorded vote is available for this bill yet.

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Bill history

  1. referred to real property taxation

  2. referred to real property taxation

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