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Proposed Cold War Veterans Exemption
TOWN OF GLENVILLE FACT SHEET
For
PROPOSED COLD WAR VETERANS EXEMPTION

The Town of Glenville will conduct a public hearing on July 16, 2008 at 7:30 pm at the Glenville Municipal Center at 18 Glenridge Road to hear all persons interested in a proposed law to enact the Cold War Real Property Tax Exemption.   

What is the Cold War Veterans Exemption?
Section 458-b of the Real Property Tax Law of the State of New York authorizes a limited exemption from real property taxes for real property owned by persons who rendered military service to the United States during the Cold War (defined as September 2, 1945 to December 26, 1991), provided such property meets the requirements set forth in the law. The task of administering this law, if enacted by a town, will be with the Town Assessor.

Who is eligible for the Cold War Exemption?
A qualifying owner for the exemption includes a veteran of the Cold War, the spouse of such
veteran or the unremarried surviving spouse. A veteran who is also the unremarried surviving spouse of a veteran may also receive any exemption to which the deceased spouse was entitled.  The veteran must have served on active duty in the U.S. Armed Forces between September 2,
1945 and December 26, 1991 and been honorably discharged or released from service. As proof of the dates and character of service, a copy of Form DD 214 or other appropriate evidence should be provided at the time of application.  

What taxes are eligible for the Cold War Exemption?
The exemption is applicable to general municipal taxes, but not school taxes, special ad valorem levies or special assessments.  The Town has the option of deciding whether to grant the Cold War veterans exemption.

What property qualifies for the Cold War Exemption?
To obtain the Cold War veterans exemption, the property must be the primary residency of the
veteran or his or her unremarried surviving spouse unless such person is absent from the property due to medical reasons or institutionalization.  The property must be used exclusively for residential purposes. However, if a portion of the property is used for other than residential purposes, the exemption applies only to that portion which is used exclusively for residential purposes.

What is the amount and eligibility of the exemption authorized by State Law?
A qualified residential parcel may receive an exemption equal to 10%, or at local option, 15% of its assessed value. This exemption is limited to 10 years duration. If the Cold War Veteran receives an exemption under any other Section of the Real Property Tax Law that provides for veterans exemption, the Cold War Veteran shall not be eligible to receive the exemption under this Local Law.  Where a veteran has received a service-connected disability rating from the Veterans’ Administration or the Department of Defense, there is an additional exemption which is equal to one-half of the disability rating, multiplied by the assessed value of the property. Each of these is subject to maximum limits set by the municipality.  Once the municipality has chosen the maximum exemption amounts, the maximum amounts must then be multiplied by the latest final state equalization rate.  

(Source: New York State Board of Real Property Services)