Alternative veterans exemption
- Who qualifies
- Qualifying wartime or expeditionary-medal veterans, their spouses, and unremarried surviving spouses who own qualifying residential property. It must be the veteran's or surviving spouse's primary residence, except for medical absence or institutionalization. Discharge must meet the statute's honorable-conditions or Restoration of Honor alternatives.
- What you get
- A 15% assessed-value exemption, plus 10% for qualifying combat service and an additional exemption equal to half the service-connected disability rating. Base caps are $12,000, $8,000 and $40,000, respectively, adjusted for assessment ratios; local laws may change those caps.
- How to apply
- Apply to the local assessor by the applicable taxable status date. Confirm local availability and limits.
Official page (opens in a new tab) Real Property Tax Law 458-a
Sources (1)
- Real Property Tax Law 458-a(1) (opens in a new tab), New York State Senate