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RP-458-a-Ins 1/14 New York State Department of Taxation and Finance Office of Real Property Tax Services Instructions For Application for Alternative Veterans Exemption From Real Property Taxation property owned by persons who rendered military service to the United States provided such property meets the requirements set forth in the law. The trustee-beneficiary relationship should be explained on Form RP-458-a line 4 and any additional informat.

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How to fill out the Rp 458 A online

Filling out the Rp 458 A form is essential for obtaining the alternative veterans exemption from real property taxation. This guide provides a step-by-step approach to ensure that all sections of the form are completed accurately and efficiently.

Follow the steps to complete the Rp 458 A form online.

  1. Click the ‘Get Form’ button to obtain the form and open it in the online editor.
  2. Begin by providing your name and contact information in the designated fields. If the property is owned by more than one person, include all names and relevant contact details.
  3. Input the address of the property, ensuring it matches the description on the latest assessment roll. You may need to contact your local assessor for confirmation.
  4. Indicate your eligibility by selecting the appropriate boxes that describe your status as a veteran or qualifying family member, including any relevant military service periods.
  5. Attach any required documentation that verifies your military service, such as Form DD 214 or evidence of honorable discharge.
  6. If applicable, provide proof of any additional exemptions, such as service-connected disability ratings or combat zone service documentation.
  7. Confirm that the property is used exclusively for residential purposes. If part of it is used commercially, specify the percentage that is residential.
  8. Ensure you attach a copy of the deed showing title ownership and any other documents that support your application.
  9. Review all entered information for accuracy and completeness.
  10. Save your changes, then download, print, or share the completed form as required. Ensure to submit it to the local assessor before the specified taxable status date.

Complete your Rp 458 A application online today to secure your veterans exemption!

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In general, a qualifying wartime veteran's property receives an exemption of 15% of its assessed value. An additional 10% exemption is available where the veteran can document service in a combat theatre or zone.

VA Disability Compensation benefits are available to veterans with service-connected illnesses or disabilities. These VA disability benefits include Dependency and Indemnity Compensation (DIC), Special Monthly Compensation (SMC), and general disability pay, which is a tax-free monetary payment.

Exemption. The Disability/Limited Income Property Tax Exemption provides a property tax reduction of up to 50% of school, county, and town taxes for residential property owners who have a documented physical or mental impairment that substantially limits their ability to engage in one or more major life activities.

The Eligible Funds exemption is for veterans who bought homes using "eligible funds," including pensions, bonuses, insurance, and mustering out pay. Both exemptions reduce the assessed value of the recipient's property before taxes are assessed on it.

On the chart below, the basic exemption amount for 2023 is $161,083, at a tax rate of 1.2% that is a savings of over $1,932 a year. However, the amount of the exemption may never exceed the assessed value of the claimant's residence.

The VA will pay the approved amount directly to the seller and the approved veteran is responsible for paying any remaining cost of the vehicle to the seller. The portion of the vehicle's purchase price paid by the approved veteran is subject to sales or use tax.

The Veterans Exemption helps veterans and their family members reduce their property taxes. To be eligible, the property must be your primary residence and you must be: A veteran who served during one of the Qualified Service periods of war or conflict. The spouse of a qualified veteran.

NYS Real Property Tax Law section 458-a provides an alternative exemption from real property taxation for qualified residential real property owned by veterans of defined periods of war, veterans who received expeditionary medals, or certain members of their family based on a percentage of assessed value.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Rp 458 A
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