Establishes a real property tax exemption for certain property owners who reside full-time on such property in certain counties

Summary

The bill offers a ten‑percent reduction in assessed real‑property taxes for owner‑occupied or tenant‑occupied residences with up to three units, provided the home is the primary residence of someone eligible for the STAR program or a tenant with a year‑long lease. Eligibility is limited to counties with populations between 150,000 and 1 million and where at least 6% of housing is seasonal. Local governments must adopt a resolution after a public hearing before the exemption applies.

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