Increases to Income Limits for the Senior Citizen Homeowners' Exemption Signed into Law
Governor Andrew Cuomo has signed into law a bill sponsored by Senator Diane Savino and Assemblymember Brian Kavanagh that raises the eligible income limit of New York City residents for two property tax relief programs: the Senior Citizen Homeowners’ Exemption (SCHE) and the Disabled Homeowners’ Exemption (DHE). The new law, which changes the programs’ income limits for the first time since 2009, raises the income cap from $29,000 to $50,000 for those receiving a property tax exemption of 50% of assessed property value and from $37,399 to $58,400 for those receiving a smaller partial exemption. New York City Mayor Bill de Blasio’s office previously estimated that more than 32,000 households would benefit from this change.
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