New York Property Tax Exemptions: Complete 2026 Guide
Save Money: Property tax exemptions can save the average New York homeowner $1,000-3,000+ per year. Many homeowners miss out because they don't know about available exemptions.
Property tax exemptions can significantly reduce your tax bill. This guide explains all available exemptions in New York, eligibility requirements, and how to apply.
Homestead Exemption
The most valuable exemption available to homeowners living in their primary residence.
STAR Exemption Benefits
- Basic STAR: Up to $30,000 exemption on school taxes
- Enhanced STAR (65+): Up to $74,880 exemption
- Saves $700-$2,500 annually on school taxes
Eligibility Requirements
- • Must own and occupy property as primary residence
- • Basic STAR: Income under $250,000
- • Enhanced STAR: age 65+, income $110,750 or less
- • New applicants receive STAR as credit check, not exemption
Important: Since 2015, new STAR applicants cannot receive the exemption on their tax bill. You must register at tax.ny.gov/star to receive a separate check.
Over-65 Exemption
Additional benefits for homeowners aged 65 or older.
- • Enhanced STAR: Up to $74,880 exemption (vs $30,000 basic)
- • Income must be $110,750 or less
- • Saves additional $700-$1,500 annually
- • Many localities offer additional senior exemptions
- • Some counties offer 50% exemption for qualifying seniors
Local Senior Exemptions: Many NY municipalities offer additional exemptions up to 50% of assessed value for seniors with income under $58,400. Check with your local assessor.
Disabled Person Exemption
Savings for homeowners with disabilities.
- • Disability exemption varies by locality
- • Many counties offer 50% reduction in assessed value
- • Income limits typically $58,400
- • Must provide proof of disability
- • Can combine with STAR and other exemptions
NYC Disability Programs:
- • Disabled Homeowners' Exemption (DHE)
- • Rent Increase Exemption for disabled tenants
- • Property tax deferral programs
- • Contact NYC Finance for details
Veteran Exemptions
Special benefits for veterans and surviving spouses.
| Veteran Exemption Type | Maximum Benefit |
|---|---|
| Alternative Veterans | 15% of assessed value (max varies) |
| Cold War Veterans | 10% or 15% of assessed value |
| Combat Veterans | Additional 10% of assessed value |
| Disabled Veterans | Additional based on disability % |
Each locality in NY can choose which veteran exemptions to offer and set maximum amounts. Contact your local assessor for specific benefits in your area.
Important Deadlines
New exemption deadlineMarch 1st
Over-65 exemption deadlineAny time during the year
Exemption renewalAutomatic (most)
Tax reminder: Property taxes you pay are deductible on your federal tax return. File free with FreeTaxUSA to ensure you're claiming all available deductions.
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