Since 1984, veterans in New York state have been eligible for partial exemption from county, city, town and village real property taxes, and in 2014 they became eligible to receive school district exemptions if passed by local consent.
Trumansburg Central School District will hold a public hearing Monday to consider the adoption of that exemption, which the district says could shift $93,861 from eligible veterans to the rest of the tax base.
Known as the Alternative Veterans’ Exemption, the exemption applies to the primary residence of an honorably discharged veteran and next of kin who meets certain criterion. For Trumansburg school residents, that applies to 243 parcels spread over three counties, and would impact an estimated $4,894,352 in taxable property value in Seneca, Schuyler and Tompkins counties, according to the district.
The exemptions cover three categories of veteran — wartime, combat zone and disability — and have different maximum values for each, which can increase or decrease as set by the board of education.
If implemented the tax shift would affect taxpayers in the three counties differently. If set at the basic state law maximum, non-veteran homeowners would see tax rates rise an estimated 1.21 percent in Tompkins; 1.89 percent in Seneca; and 1.50 percent in Schuyler.
That would mean taxes on a $100,000 property would increase by $23 in Tompkins; $39 in Seneca; and $29 in Schuyler, if adopted at the state law basic maximum, according to the district.
“We felt an obligation to present it to our community, and let the community decide,” Kimberly Bell, the assistant superintendent for business and administration, said about the proposed exemption.
After the public hearing the board may add a resolution to be voted on at the Jan. 26 board meeting, or if it’s determined the board wants more public input, could put the item on an exit poll on the May 19 budget vote, Bell said. The board would then vote on the resolution at a later meeting.
The public hearing will be held at 5:30 p.m. before the scheduled school board meeting at the Charles O. Dickerson High School Auditorium, 100 Whig Street, Trumansburg.
Go to tcsd-ny.schoolloop.com to read a presentation put together by the district.
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Veteran exemption levels
- Veterans who were on active duty during a period of war would be eligible for an exemption equal to 15 percent of a property’s assessed value. The state law basic maximum would be up to $12,000
- Where the veteran can document service in a combat zone, the property receives an additional exemption equal to 10 percent of its assessed value. The state law basic maximum would be up to $8,000
- Disabled veterans would use a calculation of one-half of the disability rating determined by the Veterans’ Administration or the U.S. Department of Defense, multiplied by the assessed value of the property. The state law basic maximum would be up to $40,000
Source: Trumansburg School District