NY S04627

Allows counties, cities, towns, villages, and school districts to grant a 100% real property tax exemption to veterans or their unmarried surviving spouses who served in a combat theatre or combat zone of operations.

Requires combat service to be documented by a United States campaign ribbon, service medal, expeditionary medal (Navy, Marine Corps, or Armed Forces), or global war on terrorism expeditionary medal.

Limits the exemption to veterans who are 100% disabled as a result of military service.

Exempts these 100% disabled veteran exemptions from local maximum exemption allowance limits that would otherwise apply.

Takes effect immediately and applies to assessment rolls prepared on or after January 1, 2016.