# New York — State Property Tax Exemptions for Disabled Veterans — Exemption Amounts, Disability Rating Thresholds, and Eligibility Rules

For New York, statute citation is N.Y. Real Property Tax Law § 458-a (alternative veterans exemption); minimum disability rating is Any service-connected compensation rating — the disability portion of the exemption is proportional to the rating, with no minimum threshold; exemption at 100% disability is Assessed value × 50% of the disability rating — at a 100% rating, 50% of assessed value is exempt, capped at $40,000 (or $40,000 × the state equalization rate, whichever is less); exemption at lower ratings is Graduated continuously: exemption equals assessed value multiplied by fifty percent of the veteran's disability rating, subject to the $40,000 cap; wartime veterans also receive 15% of assessed value (max $12,000) regardless of disability; home value cap is The disability exemption may not exceed $40,000 or $40,000 × the state equalization rate, whichever is less; municipalities may adopt higher or lower maximums by local law, verified against its source on 2026-08-18.

- **State:** New York _(our reading, not quoted from the source)_
- **Statute citation:** N.Y. Real Property Tax Law § 458-a (alternative veterans exemption) _(verified: appears in the quote below)_
- **Minimum disability rating:** Any service-connected compensation rating — the disability portion of the exemption is proportional to the rating, with no minimum threshold _(verified: appears in the quote below)_
- **Exemption at 100% disability:** Assessed value × 50% of the disability rating — at a 100% rating, 50% of assessed value is exempt, capped at $40,000 (or $40,000 × the state equalization rate, whichever is less) _(verified: appears in the quote below)_
- **Exemption at lower ratings:** Graduated continuously: exemption equals assessed value multiplied by fifty percent of the veteran's disability rating, subject to the $40,000 cap; wartime veterans also receive 15% of assessed value (max $12,000) regardless of disability _(verified: appears in the quote below)_
- **Home value cap:** The disability exemption may not exceed $40,000 or $40,000 × the state equalization rate, whichever is less; municipalities may adopt higher or lower maximums by local law _(verified: appears in the quote below)_
- **Surviving spouse eligible:** Yes — a 'qualified owner' includes the unremarried surviving spouse of a veteran; a veteran who died in service of a service-connected disability is deemed rated 100% _(verified: appears in the quote below)_
- **Annual adjustment:** No automatic inflation adjustment — dollar caps are fixed in statute, but local governments may adopt alternative maximum exemption amounts by local law _(verified: appears in the quote below)_
- **Primary residence required:** Yes — applies to qualifying residential real property that is the primary residence of a qualified owner _(verified: appears in the quote below)_

## What the source says

> where the veteran received a compensation rating from the United States veteran’s administration or from the United States department of defense because of a service connected disability, qualifying residential real property shall be exempt from taxation to the extent of the product of the assessed value of such property multiplied by fifty percent of the veteran’s disability rating; provided, however, that such exemption shall not exceed forty thousand dollars or the product of forty thousand dollars multiplied by the latest state equalization rate for the assessing unit, or in the case of a special assessing unit, the latest class ratio, whichever is less.

## Source

- https://newyork.public.law/laws/n.y._real_property_tax_law_section_458-a

Last verified: 2026-08-18. Review by: 2027-08-18.
Part of [State Property Tax Exemptions for Disabled Veterans — Exemption Amounts, Disability Rating Thresholds, and Eligibility Rules](https://referencesource.org/veteran-property-tax-exemptions-by-state/).