NY A05347

Allows school districts to adopt local laws, ordinances, or resolutions to exempt veteran properties from local school tax purposes, in addition to existing state, county, and general municipal tax exemptions.

Adds school districts to the list of entities that can adopt local laws regarding exemption recomputation when assessed values change due to revaluation or updates of assessments.

Enables school districts to grant recompute exemptions to veterans who receive additional eligible funds upon filing a change in level of assessment roll.

Permits veterans, their spouses, or unremarried surviving spouses to transfer and prorate property tax exemptions when selling property and purchasing new property within the same school district, in addition to existing city, town, or village transfers.

Takes effect immediately upon enactment.