New property tax exemption for permanently and totally disabled veterans

A New Benefit for Our Veterans

At Premium Mortgage Corporation, we’re committed to helping those who have served our country stay informed about opportunities that may positively impact their financial future.

Beginning October 1, 2026, New York State will implement a new law providing a 100% real property tax exemption for eligible veterans with a 100% service-connected disability on their primary residence. The legislation also makes the exemption mandatory statewide, including school district taxes, eliminating the need for local municipalities to opt in.

Disclaimer: This serves as informational purposes only and should not be considered legal or tax advice. Eligibility requirements are determined by New York State law and local assessing authorities. Veterans should consult their local assessor, tax professional, or legal advisor regarding qualification requirements and application procedures.