Provides a real property tax exemption for active duty service members in New York.

New York A03864 amends the real property tax law to provide a tax exemption for property owned by active duty service members of the armed forces of the United States. This exemption applies in taxing jurisdictions that elect to provide a veterans exemption. The exemption is limited to ten percent of the assessed value of the property, with a maximum exemption of eight thousand dollars or the product of eight thousand dollars multiplied by the latest state equalization rate.

Provides a real property tax exemption for active duty service members in New York.

New York A03864 amends the real property tax law to provide a tax exemption for property owned by active duty service members of the armed forces of the United States. This exemption applies in taxing jurisdictions that elect to provide a veterans exemption. The exemption is limited to ten percent of the assessed value of the property, with a maximum exemption of eight thousand dollars or the product of eight thousand dollars multiplied by the latest state equalization rate.