People who make improvements to their homes to accommodate senior relatives or disabled people now qualify for a property tax exemption. The recent bill passed in the New York State Senate and was sponsored by Senator Martin Golden. Homeowners will be able to add extensions to their homes without having to pay higher taxes resulting from increased property assessments. Senator Golden announced that the legislation is important to assist families caring for their elderly or disabled relatives. The move also saves taxpayer money by encouraging homeowners to accommodate their elderly and disabled family members in their homes, rather than have them live in state-subsidized facilities.
Tax Free Home Improvements