Program
New York senior property-tax exemption
A property-tax reduction for lower-income New Yorkers 65 and older.
What it can pay for
- property tax relief
- Official name
- New York Senior Citizens Exemption (RPTL Section 467, Form RP-467) — called SCHE inside NYC
- Where
- NY
- Status
- Program running
- About the amount
- Reduces the home's taxable assessed value by up to 50% outside NYC (up to 65% in towns that adopted the December 2025 local option for incomes furthest below the local max); NYC max is 50%. Dollar savings depend on your local tax rate.
- Housing rules
- Owner-occupied primary residence only. Co-op shareholders, manufactured homes on leased land, life estates and qualifying trusts can count. Deeding the house to a child without keeping a life estate ends eligibility; heirs don't inherit the exemption.
- How long it takes
- File once, then renews automatically outside NYC (annual renewal form still required); NYC requires renewal every 2 years. Benefit shows up on the next tax roll.
- How to apply
- Outside NYC: file Form RP-467 (first time) or RP-467-Rnw (renewal) with your local assessor by the taxable status date. NYC: file the online or paper SCHE application (or co-op version) with the Dept. of Finance by March 15.
- Does not pay for
- Renters get nothing from this program; NYC's renter counterpart is SCRIE (the 'Rent Freeze' program), a separate program not researched here.
- Official source
- tax.ny.gov
- Last checked
- May 14, 2026