Property Tax Exemption

 

We're proud to be the leading voice for tax relief for NYC veteran homeowners in focus groups, hearings, and ongoing advocacy. Last year, the expansion of the Alternative and Eligible Funds tax exemptions for veteran homeowners took effect, 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 2019:

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, 2019, to begin receiving the exemption and extended benefits beginning on July 1, 2019. APPLY HERE.

Notice of Property Value

Every February, veteran homeowners receive a printed Notice of Property Value (NOPV) by mail. In 2018, NOPVs caused a great deal of confusion for veteran homeowners when their maximum exemption amounts were dramatically reduced. 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 for 2019 HERE to find an event near you. Property owners can also reach out directly to Sonia Villamil at VillamilS@finance.nyc.gov or 212-602-7004.

Council Member Steven Matteo

For veteran homeowners who live anywhere in the five boroughs, Council Member Steven Matteo has again offered this year 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: hello@nycveteransalliance.org.

Veteran homeowners deserve clear answers and tax relief!