This local option prevents any large shift of the property tax burden to the residential class of property owners after a revaluation. You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year.Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address. Homestead exemptions protect homeowners in financial distress from losing their entire property holdings to their creditors. New York City and New York State offer homeowners property tax relief in the form of exemptions, abatements, and credits. Discover how Homestead Exemption in NY can protect your home from creditors and lower property taxes. Learn eligibility criteria and benefits today!
