NY A02965

Counties, cities, towns, villages, and school districts may adopt a local law or resolution to provide a full property tax exemption for the primary residence of eligible seriously disabled veterans.

Eligible veterans must have been discharged under honorable conditions, or discharged other than bad conduct or dishonorable with a qualifying condition or as a discharged LGBT veteran as defined in the veterans' services law.

Veterans must meet at least one of four disability criteria: be permanently and totally disabled from military service, rated 100 percent disabled by the U.S. Department of Veterans Affairs, rated individually unemployable by the VA, or be eligible for or have received pecuniary assistance from the U.S. government for acquiring or modifying a suitable housing unit with disability-related features.

The exemption covers the primary residence and makes it fully exempt from taxation, special district charges, assessments, and special ad valorem levies.

The act takes effect immediately and applies to assessment rolls prepared on or after January 2, 2024.