Eligible Funds Property Tax Exemption
Eligible Funds Property Tax Exemption
Veterans who bought their home using pension, military bonus, or insurance money received at discharge can get a partial property tax exemption (generally up to $7,500 of assessed value) on that home.
Details
Veterans who bought their home using pension, military bonus, or insurance money received at discharge can get a partial property tax exemption (generally up to $7,500 of assessed value) on that home. Seriously disabled veterans who received a federal grant for specially adapted housing may qualify for a 100% exemption.
Restrictions
Apply with municipal assessor using Form RP-458. The $7,500 cap applies to general municipal taxes; school taxes excluded unless district opts in. Seriously disabled veterans using federal adaptive-housing grants may receive 100% exemption. Authorized by Real Property Tax Law section 458.
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