The Veterans' Property Tax Exemption: Explained

What Is The NYS Veteran’s Exemption?

If you are a veteran in New York State, there are property tax exemptions that those who have served in the U. S. Armed Forces, including veterans who have served in the U.S. Army, Navy, Air Force, Marines and Coast Guard can apply for.

All veterans must submit a request for the exemption to their assessor, including proof of discharge under honorable conditions. This information typically includes times and places served in active duty. These exemptions only apply the following tax levels:

• County property taxes
• City/town property taxes
• Village property taxes

There are three main exemptions that veterans can apply for in New York State:
Cold War Veterans’ Exemption: available at the residential level for veterans that served during the Cold War. It is up to the description of counties, cities, and villages to offer this exemption.

Alternative Veterans’ Exemption: available at the residential level for veterans serving during a designated time of war, or those who have received an expeditionary medal. 95% of counties, towns, cities and villages offer this exemption, and some school districts have the choice of offering it as well.

Eligible Funds Exemption: awards a partial exemption to property a veteran purchases. Contact your local clerk for more information.

For more information, visit the NYS Department of Taxation and Finance website.

Here at P.T.R.C., Inc., we are determined to help our clients pay the lowest amount of property tax as required by law. Contact us today to see how we can help you: info@ptrc.com