Saturday
December 30, 2017


 

 

 

Ulster Cold War vets get permanent real property tax exemption

KINGSTON – Legislation that permanently extends real property tax exemptions available for Ulster County Cold War veterans has been signed into law by County Executive Michael Hein.

The county legislature recently passed the legislation unanimously.

A recent change in state law gives local governments and school districts the option to permanently continue the Cold War Veterans Real Property Tax Exemption, which until now had to be renewed at the local level every two years.

Under the new law, honorably discharged Cold War veterans who served in the armed forces from September 2, 1945 to December 26, 1991 are eligible to receive a real property tax exemption equal to 15 percent of the assessed value of their property, not to exceed $45,000. The law also provides an additional exemption of up to $150,000 for veterans who have suffered a military service-related disability.

The law takes effect immediately.


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