state_legiscan_drain · NY
Provides additional tax exemptions on qualifying residential real property where two or more qualified veterans live in the same household.
January 21, 2025
Summary
If enacted, this bill would provide additional real property tax exemptions in New York for residential properties where two or more qualified veterans reside in the same household. This expansion of existing veterans' exemptions would affect property tax calculations and may require lenders and servicers to adjust escrow accounts for qualifying properties.
Source: https://www.nysenate.gov/legislation/bills/2025/A2631
Common questions
- What does "Provides additional tax exemptions on qualifying residential real property where two or more qualified veterans live in the same household." cover?
- If enacted, this bill would provide additional real property tax exemptions in New York for residential properties where two or more qualified veterans…
- When was it published?
- It was published on January 21, 2025.
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