Bill > S08790

This bill authorizes municipalities to offer a real property tax exemption for property owners who are members of the armed forces and who served on active duty in a combat zone at any time during the year preceding the taxable status date, with "active duty" and "armed forces" defined by federal law and "combat zone" being areas designated by the U.S. President where U.S. forces are or have been engaged in combat. The exemption, which applies to qualifying residential real property that is the primary residence of the owner, can be up to twenty-five percent of the assessed value, but not exceeding $20,000 or a calculated amount based on the latest state equalization rate or class ratio, and it cannot be combined with other similar property tax exemptions. This exemption is for local and county taxes, not for school taxes, and requires annual reapplication with penalties for false statements, with a special filing deadline in cities of one million or more.

Military Affairs and Security

https://www.nysenate.gov/legislation/bills/2025/S8790