![]() ![]() The alternative veterans exemption is applicable to county, city, town, village and school taxes, but not to special district levies or special assessments. The alternative exemption is limited to the primary residence of a veteran and is available to property owned by veterans (or certain of their family members) who served during specified periods of war or under certain other conditions and must have either (1) been honorably discharged or released from service or (2) received a letter from the NYS Division of Veterans’ Services (DVS) stating that the veteran now meets the character of discharge criteria for all of the benefits and services listed in the Restoration of Honor Act. Instead, the alternative veterans exemption is based on a percentage of assessed value subject to maximum levels of exemption. Unlike the longstanding veterans exemption provided by RPTL 458 (the so-called eligible funds exemption), the alternative veterans exemption is not contingent upon the purchase of real property with specified government monies. In 1984, the Legislature amended the Real Property Tax Law (RPTL) and enacted a new alternative veterans exemption, 458-a (L.1984, c.525). ![]() Exemption codes for the veterans exemption Sample applications and Separation from Service forms Statement of a Service - Connected Disability Rating
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