Assemblyman Al Stirpe announced that legislation he sponsored to allow real property tax exemptions on eligible newly constructed single-family and multi-family residential properties within the village of Minoa has been signed by Governor Hochul.
“Central New York is home to many expanding, vibrant communities and it’s pivotal we advance Smart Growth policies today to improve our local infrastructure’s sustainability for generations to come,” said Stirpe. “This law will provide much-needed tax relief for eligible homeowners in the Village of Minoa and will bolster our state’s environmentally conscious land use development planning. I thank Governor Hochul for her attention to this issue and for signing this bill into law.”
Stirpe championed this legislative measure in the Assembly and fought to pass it earlier this year. The law now allows the Village of Minoa to permit a five-year property tax exemption for any eligible new construction of single-family and multi-family residential property on vacant, predominantly vacant or under-utilized land. Through the municipal assessor’s office, the tax exemption starts at 25% and decreases by 5% each year thereafter.
“This is a great asset for the growth of the Village of Minoa, 4 years ago I approached Assemblyman Al Stirpe to help us with this law and today, with his relentless work ethic and help, Governor Hochul signed it into law. I’m so excited that we can offer this to our new home builders that are choosing Minoa as their community.Minoa continues to shine brightly in Onondaga County,” said William F. Brazill, Mayor of the Village of Minoa
“This is a unique bill that enjoys overwhelming support of the New York State Assembly and Senate, as well as our community. This legislation will, without a doubt, provide a key segment in encouraging smart-growth development within the Village of Minoa,” said Patrick J. Duffy, IAO Assessor, Town of Manlius/Village of Minoa.