senate Bill S237

2009-2010 Legislative Session

Removes a cap on allowable real property tax exemptions available to certain veterans

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Archive: Last Bill Status - In Committee

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 06, 2010 referred to veterans, homeland security and military affairs
Jan 07, 2009 referred to veterans, homeland security and military affairs

S237 - Bill Details

See Assembly Version of this Bill:
Current Committee:
Law Section:
Real Property Tax Law

S237 - Bill Texts

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An act to amend the real property tax law, in relation to exemptions
available to veterans


Removes a cap on a allowable real property tax exemptions available to
certain veterans.


Further amends paragraphs (a), (b) and (c) of Subdivision 2 of Section
458-a of the real property tax law by exempting qualifying residential
real property from taxation up to 15% of its assessed value, in
addition to which, when a veteran can show documentation that he
served in a combat zone, such property will also be exempt from
taxation up to 10% of its assessed value. In addition to the
aforementioned exemptions, paragraph (c) provides that when a veteran
is receiving a compensation because of a service related disability,
qualifying residential real property will be exempt from taxation
based on an established formula.


Section 456-a of the NYS Real Property Tax Law allows a veteran to
receive an exemption of 15% for serving during a period of war and an
additional 10% for serving in a combat zone. These figures are
misleading, however, because they are keyed to a cap which uses the
latest state equalization rate. When this cap kicks in at a certain
market value, the exemption amount stays the same, despite the fact
that the assessment climbs. By removing the cap, the veterans would
receive the statutory 25%.


2007-08, S.141; 2005-06, S.3152.


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