New York A00515 proposes a tax exemption for residential properties owned by active U.S. military reservists and National Guard members.

New York A00515 amends the real property tax law to allow municipalities to exempt residential properties from taxes if owned by active U.S. military reservists or National Guard members. The exemption applies to the portion of the property used exclusively for residential purposes. Municipalities can choose to implement this exemption through local laws or ordinances. The exemption is limited to five percent of the property's assessed value and cannot be combined with other military tax exemptions.

New York A00515 proposes a tax exemption for residential properties owned by active U.S. military reservists and National Guard members.

New York A00515 amends the real property tax law to allow municipalities to exempt residential properties from taxes if owned by active U.S. military reservists or National Guard members. The exemption applies to the portion of the property used exclusively for residential purposes. Municipalities can choose to implement this exemption through local laws or ordinances. The exemption is limited to five percent of the property's assessed value and cannot be combined with other military tax exemptions.