New York A06579 — Authorizes municipalities to offer a real property tax exemption for active military service members who performed active duty in a.

New York A06579 amends the real property tax law to allow municipalities to offer a tax exemption for active military service members who served in a combat zone. The exemption applies to residential real property owned by the service member and is limited to 25% of the property's assessed value or $20,000, whichever is less. The exemption does not apply to school taxes. The bill defines terms such as "active military service member," "active duty," "combat zone," and "qualified residential real property." It also outlines the application process and penalties for false statements.

New York A06579 — Authorizes municipalities to offer a real property tax exemption for active military service members who performed active duty in a.

New York A06579 amends the real property tax law to allow municipalities to offer a tax exemption for active military service members who served in a combat zone. The exemption applies to residential real property owned by the service member and is limited to 25% of the property's assessed value or $20,000, whichever is less. The exemption does not apply to school taxes. The bill defines terms such as "active military service member," "active duty," "combat zone," and "qualified residential real property." It also outlines the application process and penalties for false statements.