The Board of Education will hold a public hearing on Thursday, Feb. 16 at 5 p.m. at the Intermediate School’s Auditorium for the purpose of discussing adopting the provisions of §466-a of the Real Property Tax Law.
The law’s provisions would grant a partial exemption from taxation (10% of the assessed value of the eligible property) for school district purposes for residential property located within the school district owned by eligible local volunteer firefighters and volunteer ambulance workers, based on a minimum of two years of applicable volunteer service in the fire company, fire department or voluntary ambulance service located within the school district, and other statutory requirements.
§466-a of the Real Property Tax Law is a new exemption of the Real Property Tax Law (RPTL), as enacted by Chapter 670 of the Laws of 2022. This new law gives municipalities, school districts and fire districts the option to provide a property tax exemption of up to 10% to volunteer firefighters and ambulance workers. Any such exemption would be valid only on property used exclusively for residential purposes.
In order to be eligible for this partial exemption, volunteer firefighters and ambulance workers must live in the community served by their volunteer organization and meet a minimum service requirement of between two and five years, as set by the respective taxing jurisdiction. Additionally, as a local option, a lifetime exemption may be provided to volunteers with at least 20 years of service as long as they maintaining their primary residence in the county they have served. Taxing jurisdictions may also allow unremarried surviving spouses of eligible volunteers to retain the exemption.
This would be effective for assessment rolls prepared on the basis of the taxable status dates occurring on or after Jan. 1, 2023.