• Veterans' Tax Exemption

    At the regular meeting of the Board of Education held on Monday, February 23, 2015, the Board unanimously adopted the following resolutions:

     

    WHEREAS, the Board of Education wishes to adopt the provisions of Section 458-a of the Real Property Tax Law which would grant a partial exemption from taxation for school district purposes of certain real property situated in the school district and owned and used as the primary residence by eligible veterans (Alternative Veterans' Exemption):

    NOW, THEREFORE, BE IT RESOLVED, that the Board, after having conducted a public hearing on February 11, 2015 and having given the public an opportunity to be heard on the issue of the Board's proposed adoption of the Alternative Veterans' Exemption pursuant to Section 458-a of the Real Property Tax Law, hereby adopts the Alternative Veterans' Exemption for assessment rolls prepared on the basis of the taxable status date occurring on or after January 1, 2015, at th follwoing basic maximum levels:

    1. Basic Exemption - Tax exemption of 15% of the assessed value of the property, not to exceed $12,000 or the product of $12,000 multiplied by the latest state equalization rate for the assessing unit, whichever is less.
    2. Combat Zone - An additional tax exemption of 10% of the assessed value of qualifying residential property of veterans who are documented to have served in a combat zone, not to exceed $8,000 or the product of $8,000 multiplied by the latest state equalization rate, whichever is less.

    Disabled Veterans - In addition to the above exemptions, where the veteran received a compensation rating from the Veterans' Administration or Department of Defense based upon a service related disability, the qualifying residential property will be exempt to the extent of the product of the assessed value multiplied by 50% of the veterans' disability rating, not to exceed $40,000 or the product of $40,000 multiplied by the latest state equalization rate, whichever is less; and

    BE IT FURTHER RESOLVED that the Board directs the District Clerk to provide a certified copy of this resolution to Dutchess County and the assessors for the other taxing jurisdictions located within this School District.


    WHEREAS, the Board of Education has adopted the provisions of Section 458-a of the Real Property Tax Law which grants a partial exemption from taxation for school district purposes of certain real property situated in the School District and owned and used as the primary residence by eligible veterans (Alternative Veterans' Exemption); and

    WHEREAS, THE Board of Education wishes to include "Gold Star Parents" a parent of a child who died in the line of duty while serving in the U. S. Armed Forces during a period of war) within the definition of qualified owner for purposes of receiving the Alternative Veterans' Exemption;

    NOW, THEREFORE, BE IT RESOLVED, that the Board of Education hereby approves including Gold Star Parents as qualified owners for purposes of receiving the Alternative Veterans' Exemption ; and

    BE IT FURTHER RESOLVED that the Board directs the District Clerk to provide a certified copy of this resolution to Dutchess County and the assessors of the other taxing jurisdictions located within this School District.