Summary
A new law in New York exempts veterans with a 100% service-connected disability from paying property taxes on their primary homes. The law, signed by Governor Kathy Hochul, is mandatory for all towns and cities in the state and will take effect on October 1, 2026.
Key Facts
- Veterans in New York who are 100% disabled due to military service will not pay property taxes on their primary home.
- The law was signed by Governor Kathy Hochul and removes the local opt-in, making it a statewide requirement.
- Around 688,611 veterans live in New York, with about 30% reported to have disabilities.
- Housing costs, including property taxes, have risen significantly in New York since the pandemic.
- Six counties in New York have some of the highest property taxes in the U.S., with payments often over $10,000 annually.
- The new exemption will apply starting with the 2027 tax assessment year.
- Veterans must prove they were honorably discharged to qualify for the exemption.
