NY A08316

Creates a new supplemental veterans' property tax exemption of up to 10% of assessed value for city, village, town, school district, fire district, or county taxes, available only after the local governing body adopts a local law, ordinance, or resolution following a public hearing

Requires the property to be the veteran's primary residence used exclusively for residential purposes; any non-residential portion remains subject to taxation

Allows municipalities to extend the exemption to un-remarried spouses of veterans killed in the line of duty, provided the deceased veteran was receiving the exemption prior to death

Permits continuation of the exemption for un-remarried spouses of deceased veterans if both the veteran and spouse were receiving the exemption before the veteran's death

Veterans already receiving exemptions under existing sections 458, 458-a, or 458-b are ineligible for this supplemental exemption, and current beneficiaries will not see any reduction in their existing benefits