CARMEL – Veterans residing in the Carmel School District are now eligible for an increased property tax exemption.
The Carmel Board of Education has approved a resolution revising the current veteran’s exemption from 15 percent of a maximum of $80,000 in assessments, or $12,000, to 15 percent of a maximum of $360,000 in assessments, or $54,000 in exemption.
School Board President Melissa Orser said this includes an Alternative Veteran’s Exemption for those not serving during a war as well as those serving in a war but not in a combat zone.
Veterans who served in a combat zone are entitled to an additional 10 percent exemption, raising the total exemption to 25 percent, up to the maximum of $360,000 in assessments.
Veterans with a wartime disability can receive an additional 25 percent exemption, raising the savings to 50 percent of the assessment up to $360,000 or $180,000 in exemptions.
The resolution was introduced by Trustee John Curzio who told his colleagues and a handful of veterans in attendance, “The exemption expansion is one meaningful way that the Carmel School Board can say ‘thank you’ to those who have worn the uniform of our country and defended our nation. Providing targeted tax relief helps ease the burdens and supports our national treasures, our veterans, and helps them remain right here in the community they know and love.”
The exemption applies to all veterans, but Trustee Jim Wise noted since the Vietnam War, “America has an all-volunteer military. They chose to go. There was no draft. It is a valid and worthy thing for us to give thanks for that.”
Orser said in order to receive the district’s property tax exemption, veterans must apply to the assessor in the town where they live either, Carmel, Kent, Patterson, Putnam Valley, Southeast or East Fishkill.
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