NY A00341

Increases the basic veteran property tax exemption from 15% of assessed value to a flat $12,000 exemption (removing the state equalization rate calculation requirement)

Increases the combat service exemption from 10% of assessed value to a flat $8,000 exemption for veterans with campaign ribbons, service medals, or expeditionary medals

Increases the disability-related exemption from 40% of the veteran's disability rating multiplied by assessed value to a flat $40,000 exemption (removing the state equalization rate calculation requirement)

Deems veterans who died in service from a service-connected disability to have a 100% disability rating for exemption purposes

Takes effect immediately upon enactment