Poughkeepsie… Dutchess County Executive William R. Steinhaus has announced the introduction of a local law to offer a property tax exemption for Dutchess County veterans. The law will provide for property tax relief specifically for cold war veterans.
“We are very pleased to offer this property tax relief measure to the men and women of Dutchess County who have worked so hard to serve our country,” said County Executive Steinhaus. “We have worked to reduce the County government’s property tax rate which we have successfully done six times in the past eight budgets since 2000. We are proud to have the 5th lowest county government tax rate in New York State. With this new property tax exemption for local veterans,, we will continue to help ease the tax burden for people on fixed and moderate incomes,” added Steinhaus.
“Cold War Veteran” is defined as a person, male or female, who served on active duty in the United States armed focus for more than one year during the time period from September 2, 1945 to December 26, 1991, was discharged or released under honorable conditions.
A recently enacted New York State law enables local governments to provide a partial property tax exemption on qualifying residential real property to the extent of 15% of the assessed value of the property. County Executive Steinhaus has proposed the maximum allowable exemption of $12,000. The exemption shall be granted for a period of 10 years.
Dutchess County currently offers the Veterans Alternative Exemption [RPTL 458-A]. Honorably discharged Veterans who served during specified times of war, or who received an expeditionary medal, may receive a 15% exemption on their assessment for county purposes. Those who served in a combat zone may receive an additional 10% (25% total) exemption. Those with a service-related disability may receive an exemption equal to ½ of their disability rating. This may be in addition to the 10% or 25% exemption. These exemptions are subject to a statutory maximum, or ceiling of $40,000.
“Our veterans have earned benefits for their service to our country. We are here to help make sure they receive all of the benefits they are entitled to under the law. I am very pleased that County Executive Steinhaus has proposed this new property tax exemption for our local veterans,” said Veterans Service Agency Director Nelson Eddy Rivera, USN (Ret).
County Executive Steinhaus’ proposal will be considered by the County Legislature at the November 13th meeting. If approved, the local law will take effect on January 3, 2008 and will apply to assessment rolls filed after that date.