The law provides a basic exemption, with additional exemptions for those who served in a combat zone and for disabled veterans. Exemptions, however, do not affect the total amount of money a district needs to raise, meaning adoption of the exemption would result in property tax increases for other property owners.
If all eligible veteran property owners claim their full exemption, each noneligible household would see school taxes increase by 0.12 percent, or an average of $12 per year. If the maximum exemptions are adopted, nonqulifying property owners could see taxes raised an average of $56 per year.
The board must adopt the exemption and vote on the exemption limits no later than March 1, 2015.
Croton-Harmon High School is at 36 Old Post Road S.
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