Yorktown OKs Expanded Property Tax Exemption For Vets

YORKTOWN, NY — The Yorktown Town Board recently approved an expanded property tax benefit for military veterans.

The changes will apply to all existing veterans exemptions beginning with the 2022 assessment roll for 2023 taxes, according to a news release.

The amendment to the local Alternative Veterans Exemption and Cold War Veterans Exemption affects the following maximum property exemptions:

Non-combat veteran exemptions will increase from $1,204 to $1,590, or 15 percent of the assessment, whichever is less.
Combat veteran exemptions will increase from $803 to $1,060, or the lesser of 10 percent of the assessment, not to exceed an exemption amount of $1,060.
Disable veteran amounts will increase from $4,014 to $5,300. The exemption amount is calculated at 50 percent of the disability rating not to exceed $5,300.

The legal title to the residential property must be in the name of the veteran, a spouse or an surviving spouse who has not remarried.

Supervisor Matt Slater said the Town Board recognizes veterans' sacrifices and service.

"This increase in the tax benefit is our community's way of expressing gratitude to those who protected our freedoms," he said.

The town's increased benefit does not apply to school district or special district taxes.

For veterans who currently have the veterans exemption, there is no action needed.

New owners looking to apply for the veterans exemption may contact the Town of Yorktown Assessors office at 914-962-5722 x 227.

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