- Veterans of the U.S. Armed Forces and World War II veterans of the U.S. Merchant Marine are entitled to an exemption under Section 458 of the New York State Real Property Tax Law.
- Older exemptions may be based on the amount of veterans' benefits received by the former soldier, sailor or marine. Newer veterans' exemptions are based on the type of service.
- Service during wartime = 15% of your assessment
- Service in a combat area = an additional 10% of your assessment
- Combat-related disability = half of your disability (100% disability = 50% exemption
- Each of these exemptions is subject to a ceiling amount. The ceiling differs from year to year. Check with the Village Assessor's Office for up-to-date information
- Applications must be received in the Assessor's office by October 1. Applications received after October 1 will not be considered, even if they are postmarked prior to October 1.
- All exemptions are shown on the assessment roll as assessed value. To calculate the tax savings for any exemption:
- Divide the Exempt Assessed Value by 100, then multiply the result times the Tax Rate.
Cold War Veterans' Exemption
A veteran who served on active duty in the US Armed forces between September 2nd, 1945 and December 26th, 1991 may now receive a Cold War Veterans Exemption for a period of up to ten years. If, however, you already receive or are eligible to receive a Veterans' Exemption the new law does not grant you any additional benefits. Those persons who receive the new Cold War Veterans' Exemption this year will first see it reflected in their tax bills in March, 2010.
Nassau County Taxes
A Village tax exemption does not apply to taxes based on the Nassau County Assessment Roll. You should also apply to the Nassau County Department of Assessment for any exemption offered by the County and applicable to your property. Deadlines and procedures may be different. Check with the Nassau County Department of Assessment at 516-571-1500 for additional information.