At its meeting on Feb. 23, the Liberty Board of Education adopted the Alternative Veterans’ Exemption at the minimum level, which exempts a portion of eligible veterans’ property values from school taxes based on state law.
Liberty adopted the minimum level of exemptions for eligible veterans:
• Basic exemption – 15 percent off the assessed value of qualified residential properties (up to $6,000)
• Combat Zone exemption – in addition to Basic, 10 percent off for vets who have served in a combat zone (up to $4,000)
• Disabled Veterans exemption – in addition to Basic (and Combat Zone, if applicable), a variable discount based upon a service-related disability (up to $20,000)
While property tax exemptions for veterans have been in effect statewide since the 1980s, they have until now only been applied to the county and town portions of a veteran’s tax bill. In 2013, the New York State Legislature approved an amendment to expand the program to school districts, which Governor Andrew Cuomo signed into law in December 2013.
Veterans with already approved exemptions on file with their local municipality do not need to reapply for a school tax exemption. However, new exemption applications must be filed with the town assessor by March 1, 2016, for September 2017 school tax bills and January 2017 town/city/village tax bills.
Please contact your local town assessor for questions about eligibility and applications.