New York A06984 amends the real property tax law to provide a six thousand dollar property tax exemption for certain disabled veterans.

New York A06984 amends the real property tax law to establish a six thousand dollar property tax exemption for certain disabled veterans. This exemption applies to qualifying residential real property. The exemption is calculated as the product of the assessed value of the property multiplied by fifty percent of the veteran's disability rating. However, the exemption cannot exceed forty thousand dollars or the product of forty thousand dollars multiplied by the latest state equalization rate for the assessing unit.

New York A06984 amends the real property tax law to provide a six thousand dollar property tax exemption for certain disabled veterans.

New York A06984 amends the real property tax law to establish a six thousand dollar property tax exemption for certain disabled veterans. This exemption applies to qualifying residential real property. The exemption is calculated as the product of the assessed value of the property multiplied by fifty percent of the veteran's disability rating. However, the exemption cannot exceed forty thousand dollars or the product of forty thousand dollars multiplied by the latest state equalization rate for the assessing unit.