S T A T E O F N E W Y O R K
________________________________________________________________________
6984
2025-2026 Regular Sessions
I N A S S E M B L Y
March 18, 2025
___________
Introduced by M. of A. WOERNER -- read once and referred to the Commit-
tee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to establishing a
property tax exemption for certain disabled veterans
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph (c) of subdivision 2 of section 458-a of the real
property tax law, as amended by chapter 100 of the laws of 1988, is
amended to read as follows:
(c) In addition to the exemptions provided by paragraphs (a) and (b)
of this subdivision, where the veteran received a compensation rating
from the United States veteran's administration or from the United
States department of defense because of a service connected disability,
qualifying residential real property shall be exempt from taxation to
the extent of the product of the assessed value of such property multi-
plied by fifty percent of the veteran's disability rating; provided,
however, that such exemption shall not exceed forty thousand dollars or
the product of forty thousand dollars multiplied by the latest state
equalization rate for the assessing unit, or in the case of a special
assessing unit, the latest class ratio, whichever is less. ADDITIONALLY,
ANY VETERAN WHO RECEIVED A COMPENSATION RATING OF ONE HUNDRED PERCENT
FOR A PERMANENT AND TOTAL SERVICE CONNECTED DISABILITY SHALL HAVE THE
FIRST SIX THOUSAND DOLLARS OF THEIR PROPERTY TAX EXEMPTED REGARDLESS OF
THEIR REAL PROPERTY TAX ASSESSMENT. For purposes of this paragraph,
where a person who served in the active military, naval or air service
during a period of war died in service of a service connected disabili-
ty, such person shall be deemed to have been assigned a compensation
rating of one hundred percent.
§ 2. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law and shall apply to
assessment rolls prepared on the basis of taxable status dates occurring
on and after such date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
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