Property Tax Benefits for Veterans in New York
3 Property Tax benefits for veterans in New York.
Alternative Veterans' Property Tax Exemption
Reduces the assessed value of a veteran's primary residence by 15% for wartime service, with an additional 10% for combat-zone service and a further reduction tied to a service-connected disability rating.
Eligibility: Veterans who served during a period of war or received an expeditionary medal (Cold War veterans also eligible as of December 2025), with a qualifying discharge; must be the veteran's primary residence in a participating taxing jurisdiction.
Estimated value: 15% assessed-value reduction for wartime service, +10% for combat, plus a disability-based reduction (subject to local maximums)
How to apply: File Form RP-458 with your local municipal assessor by the taxable status date (generally March 1).
Cold War Veterans' Property Tax Exemption
Provides a 10% or 15% reduction in the assessed value of a Cold War veteran's primary residence, with an additional reduction for those with a service-connected disability.
Eligibility: Veterans who served on active duty between September 2, 1945 and December 26, 1991 and received an honorable discharge (or their unremarried surviving spouse); property must be the primary residence in a participating jurisdiction.
Estimated value: 10% or 15% assessed-value reduction, plus a disability-based reduction equal to half the disability rating
How to apply: File Form RP-458-b with your local municipal assessor by the taxable status date.
Veterans Property Tax Exemptions Overview (DVS)
New York offers three real-property tax exemptions for veterans (Alternative, Cold War, and Eligible Funds); the Department of Veterans' Services provides guidance on which one fits a veteran's service and property.
Eligibility: New York veterans and certain family members who own and primarily reside in the property; specific eligibility varies by exemption type.
Estimated value: Assessed-value reductions on a primary residence (varies by exemption and jurisdiction)
How to apply: Review options with the NYS Department of Veterans' Services and file the applicable form (RP-458, RP-458-a, RP-458-b, or RP-458) with your local assessor.