Veterans May See Another Tax Exemption in Their School Taxes

School Districts across the state are now being given an opportunity to consider providing veterans with an exemption from property taxes… Governor Cuomo has extended the Alternative Veteran’s Exemption from Counties and Municipal Government to include the opportunity for School Districts to opt into the program..  The Governor has given districts a March 1st deadline for adopting a resolution, normally, this type of law would require 90 days but the legislature and the governor have chosen to waive that requirement..  Under this plan, Veterans could receive exemptions of 15% of their property taxes up to specified limits set by each district.. Combat Veterans would receive an additional 10% with limits and disabled veterans would be eligible for an exemption equal to one half of their disability rating up to the capped maximum level..  The Village of Lake Placid and the Town of North Elba provide one of the higher exemptions among municipalities..  For School Boards Across New York, The Alternative Veterans Exemption will be on the agenda for consideration and because the exemption is not reimbursed by the state, this particular exemption will require some thought because any decision to provide an exemption will shift that portion of the tax burden away from veterans to the rest of the taxpayers in that district..

There are three different property tax exemptions available to Veterans who have served in the United States Armed Forces. The exemption applies to county, city, town, and village taxes.  Exemptions other than the Cold War Exemption may apply to school district taxes.

Veterans can receive one of the three following exemptions:

1. Alternative Veterans’ Exemption

  • Available only on residential property of a Veteran who has served during a designated time of war or received an expeditionary medal
  • Currently available in over 95 percent of the county, city, town, and village taxing jurisdictions across the state. The remainder of these jurisdictions may choose to offer this exemption in the future
  • Veteran applicants should check with the assessor or clerk in the municipalities in which they reside to see whether the Alternative Veterans’ Exemption is offered
  • Extra tax reductions available for combat and United States Department of Veterans Affairs service-connected disabilities
  • May be available for school district taxes.  School districts must elect to offer the exemption

2. Cold War Veterans’ Exemption

  • Available only on residential property of a Veteran who served during the Cold War period
  • Counties, cities, towns, and villages have the option to offer this exemption to qualified Veterans
  • Extra tax reductions available for United States Department of Veterans Affairs service-connected disabilities
  • Check with your assessor or clerk to see whether the Cold war Veterans’ exemption is offered

3. Eligible Funds Exemption

  • Provides a partial exemption
  • Applies to property that a Veteran or certain other designated person purchases. Such owners must purchase the property with pension, bonus, or insurance monies
  • May be available for school district and other taxes

Veterans should submit an amended application if the Veteran’s United States Department of Veterans Affairs service-connected disability percentage changes.

Veterans may also be eligible for other exemptions based on income and disability.

How to Request an Exemption

Eligible Veterans must submit the initial exemption application form to the assessor. There is a deadline for filing.  For additional details, including filing deadlines and applications, please contact your local tax assessor’s office.

Need more help?

For assistance, schedule an appointment with a New York State Division of Veterans’ Affairs (NYS DVA) State Veterans Counselor.