Increases real property tax exemptions for combat veterans who are 100% permanently disabled.

New York S06559 amends the real property tax law to allow counties, cities, towns, villages, or school districts to grant a 100% exemption from real property taxes to combat veterans who are 100% permanently disabled. This exemption is at the local option and does not count against the local maximum exemption allowance. The change applies to assessment rolls prepared on and after January 1, 2025.

Increases real property tax exemptions for combat veterans who are 100% permanently disabled.

New York S06559 amends the real property tax law to allow counties, cities, towns, villages, or school districts to grant a 100% exemption from real property taxes to combat veterans who are 100% permanently disabled. This exemption is at the local option and does not count against the local maximum exemption allowance. The change applies to assessment rolls prepared on and after January 1, 2025.