NY State and your town offer up to four veteran-related property tax exemptions. The most common — Alternative Veterans — reduces assessed value by 15-25%+ for eligible veterans. Here's how each works and how to apply.
| Service category | Reduction in assessed value |
|---|---|
| Wartime service (qualified) | 15% |
| Combat zone (additional) | +10% |
| Service-connected disability | +½ of VA disability rating (e.g., 30% rating → +15%) |
| Maximum (varies by town's dollar cap) | Town sets a maximum dollar exemption — often $30k-$60k assessed value |
You must:
Career military members may qualify if they completed their contracted term and reenlisted, with 10+ years of service.
One-time filing — once approved, the exemption renews annually as long as you own and occupy the property.
You may qualify for the Cold War Veterans exemption (Form RP-458-b), available to veterans who served 365+ days between Sept 2, 1945 and Dec 26, 1991 in non-combat status. Reduction is typically 10-15%.
Yes, if the deed is held by a veteran's spouse, child, or eligible family member. NY State law extends the exemption to qualifying family members.
Yes — municipalities have the option to extend this to co-op apartments. Most LI municipalities have adopted this option.
You get 15% (wartime) + ½ of 80% = +40% in additional reduction. Combined ~55%, capped by the town's maximum dollar exemption.
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Subscribe →Last verified: 2026-05-11. Tax rules change; we re-verify each page quarterly.
Estimates and educational content only — not legal, tax, or financial advice. Verify with your county or town receiver, an attorney, or a CPA before making financial decisions.