NY A03379

Amends Real Property Tax Law Section 458-b to authorize school districts to adopt a resolution granting real property tax exemptions to Cold War veterans, in addition to existing county, city, town, and village authority.

Allows qualifying residential real property owned by Cold War veterans to receive exemption of either ten percent of assessed value (capped at $8,000 or that amount multiplied by the latest state equalization rate) or fifteen percent of assessed value (capped at $12,000 or that amount multiplied by the latest state equalization rate).

School districts may now adopt resolutions for these exemptions using the same parameters and caps that apply to other municipalities.