Eligible Funds Exemption:
This exemption reduces the property’s assessed value to the extent that eligible funds were used in the purchase, generally up to a maximum of $5,000. It is applicable to general municipal taxes (county, city, town or village), but not to school taxes or special district levies.
The law provides a partial exemption from real property taxation for property purchased with the proceeds of a veteran’s pension, bonus or insurance monies, or dividends or refunds on such insurance, compensation paid to prisoners of war, mustering-out pay, etc. These types of payments are called “eligible funds.”
Alternative Veterans Exemption:
The alternative exemption provides a property tax exemption of 15% of assessed value to veterans who served during wartime and an addition 10% to those who served in a combat zone. The law also provides an additional exemption to disabled veterans equal to one-half of their service-connected disability ratings.
The alternative exemption also is applicable only to general municipal taxes, school taxes but not special district levies. Unlike the eligible funds veterans’ exemption, however, the alternative exemption is limited to the primary residence (including, at local option, cooperative apartment) of a veteran, and is not based on eligible funds.
Cold War Veterans Exemption:
The Cold War veterans' exemption (Real Property Tax Law, section 458-b), is available only for residential property of veterans who served during the Cold War period. Counties, cities, towns and villages have the option of granting a reduction in the amount of property taxes paid by veterans who qualify for this exemption. This exemption is not available to those veterans currently receiving either the eligible funds or alternative veterans' exemption.
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Alternative Veterans Exemption Limits |
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MUNICIPALITY |
CURRENT |
PRIOR |
DATE CHANGED |
| ALTONA |
27,000; 18,000; 90,000 |
12,000; 8,000; 40,000 |
9/10/01 |
| AUSABLE |
12,000; 8,000; 40,000 |
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| BEEKMANTOWN |
12,000; 8,000; 40,000 |
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| BLACK BROOK |
12,000; 8,000; 40,000 |
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| CHAMPLAIN |
27,000; 18,000; 90,000 |
12,000; 8,000; 40,000 |
10/09/01 |
| CHAZY |
27,000; 18,000; 90,000 |
12,000; 8,000; 40,000 |
11/08/01 |
| CLINTON |
12,000; 8,000; 40,000 |
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| DANNEMORA |
27,000; 18,000; 90,000 |
12,000; 8,000; 40,000 |
9/27/06 |
| ELLENBURG |
27,000; 18,000; 90,000 |
12,000; 8,000; 40,000 |
9/13/01 |
| MOOERS |
27,000; 18,000; 90,000 |
12,000; 8,000; 40,000 |
4/17/2002 |
| PERU |
15,000; 10,000; 50,000 |
12,000; 8,000; 40,000 |
11/08/01 |
| PLATTSBURGH (TOWN) |
27,000; 18,000; 90,000 |
12,000; 8,000; 40,000 |
10/01/01 |
| PLATTSBURGH (CITY) |
27,000; 18,000; 90,000 |
12,000; 8,000; 40,000 |
9/06/01 |
| SARANAC |
12,000; 8,000; 40,000 |
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| SCHUYLER FALLS |
12,000; 8,000; 40,000 |
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VILLAGES |
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| CHAMPLAIN |
12,000; 8,000; 40,000 |
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| DANNEMORA |
6,000; 4,000; 20,000 |
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12/26/98 |
| ROUSES POINT |
27,000; 18,000; 90,000 |
12,000; 8,000; 40,000 |
11/09/01 |
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CLINTON COUNTY |
27,000; 18,000; 90,000 |
12,000; 8,000; 40,000 |
6/22/01 |
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SCHOOL DISTRICTS |
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| AUSABLE VALLEY |
6,000; 4,000; 20,000 |
02/19/14 |
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| BEEKMANTOWN | |||
| CHAZY CENTRAL | |||
| NORTHEASTERN CLINTON | |||
| NORTHERN ADIRONDACK |
18,000; 12,000; 60,000 |
12/15/14 |
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| PERU CENTRAL | |||
| SARANAC CENTRAL | |||
| CHATEAUGAY CENTRAL | |||
| SARANAC LAKE CENTRAL |
15,000; 8,000; 30,000 |
12/1/21 |
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| CITY SCHOOL DISTRICT |
6,000; 4,000; 20,000 |
5/7/14 |
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Cold War Veterans Exemption |
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MUNICIPALITY |
COLD WAR VETERAN |
DISABLED |
DATE ADOPTED |
| ALTONA |
10% Assessed Value Max $8,000 |
50% of Assessed Value times Disability Rating Max $40,000 |
12/11/17 |
| AUSABLE |
N/A |
N/A |
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| BEEKMANTOWN |
10% Assessed Value Max $8,000 |
50% of Assessed Value times Disability Rating Max $40,000 |
12/29/08 |
| BLACK BROOK |
N/A |
N/A |
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| CHAMPLAIN |
15% Assessed Value Max $12,000 |
50% of Assessed Value times Disability Rating Max $40,000 |
2/12/08 |
| CHAZY |
15% Assessed Value Max $12,000 |
50% of Assessed Value times Disability Rating Max $40,000 |
2/11/08 |
| CLINTON |
N/A |
N/A |
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| DANNEMORA |
N/A |
N/A |
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| ELLENBURG |
N/A |
N/A |
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| MOOERS |
15% Assessed Value Max $12,000 |
50% of Assessed Value times Disability Rating Max $40,000 |
7/17/08 |
| PERU |
15% Assessed Value Max $12,000 |
50% of Assessed Value times Disability Rating Max $40,000 |
2/25/13 |
| PLATTSBURGH (TOWN) |
10% Assessed Value Max $8,000 |
50% of Assessed Value times Disability Rating Max $40,000 |
8/4/08 |
| PLATTSBURGH (CITY) |
N/A |
N/A |
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| SARANAC |
10% Assessed Value Max $8,000 |
50% of Assessed Value times Disability Rating Max $40,000 |
2/1/08 |
| SCHUYLER FALLS |
N/A |
N/A |
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VILLAGES |
N/A |
N/A |
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| CHAMPLAIN |
N/A |
N/A |
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| DANNEMORA |
N/A |
N/A |
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| ROUSES POINT |
15% Assessed Value Max $12,000 |
50% of Assessed Value times Disability Rating Max $40,000 |
9/6/11 |
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CLINTON COUNTY |
10% Assessed Value Max $8,000 |
50% of Assessed Value times Disability Rating Max $40,000 |
3/4/08 |
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SCHOOL DISTRICTS |
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| AUSABLE VALLEY |
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| BEEKMANTOWN | |||
| CHAZY CENTRAL | |||
| NORTHEASTERN CLINTON | |||
| NORTHERN ADIRONDACK |
15% Assessed Value Max $18,000 |
50% of Assessed Value times Disability Rating Max $60,000 |
02/15/24 |
| PERU CENTRAL | |||
| SARANAC CENTRAL | |||
| CHATEAUGAY CENTRAL | |||
| SARANAC LAKE CENTRAL |
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| CITY SCHOOL DISTRICT |
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**Important information when filing a Veterans Exemption Application**
- After filling out application, contact the Local Veterans Affairs Office for verification and approval.
- Bring completed application to either the local assessor or Real Property Office before March 1.
Please contact the local Veterans Affairs office for other eligibility requirements and approval.