|Alternative Veterans||Eligible Funds|
|Estimated additional benefit
|Property tax savings in fiscal year 2018
|Gulf War, Iraq and Afghanistan conflicts||August 2, 1990||Present|
|Vietnam War||February 28, 1961||May 7, 1975|
|Korean War||June 27, 1950||January 31, 1955|
|World War II||December 7, 1941||December 31, 1946|
|World War I||April 6, 1917||November 11, 1918|
2. The property must be the primary residence of the owner who qualifies for the
3. Applicants must submit DD-214 or separation papers.
|Eligibility||Reduction of property's assessed value||Maximum exemption amount by tax class
|Served during a
specified period of conflict
$2,880 for Class 1;
$21,600 for Classes 2 and 4
|Served in a combat zone*||Additional 10%||Maximum of
$1,920 for Class 1;
$14,400 for Classes 2 and 4
multiplied by 50%
of the veteran’s
$9,600 for Class 1;
$72,000 for Classes 2 and 4
*Combat zone refers to a location of active combat, such as Vietnam during the Vietnam War.
** Veterans designated disabled by the Veterans’ Administration may be eligible for a disabled veteran exemption. Submit a copy of a letter from the VA indicating your disability rating. Your rating can be obtained by calling the VA at 1-800-827-1000.
Your Homeowner Tax Benefits Application and all required documents must be postmarked by March 15 (or the next business day if March 15 is on a weekend) for your exemption to begin on July 1 of the same year.
Alternative Veterans exemption recipients who move mid-year to another property in NYC can can receive a pro-rated exemption by completing a new application for the new property.
Visit the exemptions page to learn about other tax breaks for which you might qualify.
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