We're proud to be the leading voice for tax relief for NYC veteran homeowners in focus groups, hearings, and ongoing advocacy. The expansion of the Alternative and Eligible Funds tax exemptions for veteran homeowners took effect in 2018, and we continue to advocate for passage of the Cold War exemption for veterans and improved outreach by city agencies to help veteran homeowners better understand their exemptions and the property taxes they owe.
Below is an "explainer" on the latest as of February 2020:
Enrollment
If you are already enrolled to receive the Alternative or Eligible Funds exemptions, you do not need to take any further action to receive the extended benefits.
If you are a qualifying veteran but not enrolled, you must apply by March 15, 2020, to begin receiving the exemption and extended benefits beginning on July 1, 2020. APPLY HERE.
Notice of Property Value
Every February, veteran homeowners receive a printed Notice of Property Value (NOPV) by mail. YOUR NOPV IS NOT YOUR TAX BILL. NOPVs continue to cause confusion, and we urge the NYC Department of Finance to seek ways to improve communication about this important document.
Challenging Your NOPV. If you believe your NOPV is incorrect, there are two ways to have your property re-assessed: through the NYC Tax Commission (deadline is March 1) or the NYC Department of Finance (deadline is March 15).
Getting Answers
Following our calls last year for improved outreach by NYC agencies, the NYC Department of Finance's External Affairs unit has been providing substantive outreach to veteran homeowners. Other city officials also stand ready to help veterans understand their property assessments and the tax exemptions that lower their property's assessed value and taxes owed. Please see the resources below:
NYC Department of Finance
The NYC Department of Finance offers in-person events in all five boroughs to help NYC property owners understand their NOPV and exemptions. Check their online calendar HERE to find an event near you. Property owners can also reach out directly to Sonia Villamil at [email protected] or 212-602-7004.
Council Member Steven Matteo
For veteran homeowners who live anywhere in the five boroughs, Council Member Steven Matteo has been a tremendous resource to answer questions and work with veteran homeowners individually to calculate their full exemption amounts.
Call his district office at 718-980-1017.
Let Us Know!
If you aren't able to get your question answered above, please let us know so we can ensure you get the right answers. Call us: 929-427-2301 or email: [email protected].
Veteran homeowners deserve clear answers and tax relief!