New York S02068 authorizes municipalities to offer a real property tax exemption for active military service members who performed active duty in a.

New York S02068 amends the real property tax law to allow municipalities to provide 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, up to 25% of the 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," "combat zone," and "qualified residential real property." Municipalities can adopt local laws or resolutions to implement the exemption, which can be repealed at least 90 days.

New York S02068 authorizes municipalities to offer a real property tax exemption for active military service members who performed active duty in a.

New York S02068 amends the real property tax law to allow municipalities to provide 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, up to 25% of the 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," "combat zone," and "qualified residential real property." Municipalities can adopt local laws or resolutions to implement the exemption, which can be repealed at least 90 days.