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Technically speaking, the senior and veteran exemptions are not property abatements, they are exemptions, and you are legally entitled to receive those monies.
Our Board would pay all abatements and exemptions over a 3 months period so as not to break the bank account.
If you are entitled to receive a senior exemption of $500 and a veterans exemption of $400, that’s $900. We would give you that money over a 3 month period by crediting your maintenance $300/ month for 3 consecutive months, thus reducing your maintenance $300/mo for these 3 months for a total of $900.
Sandra asked how to apply. I went online and found this:
Senior
https://www.tax.ny.gov/pit/property/exemption/seniorexempt.htm
Veterans
https://veterans.ny.gov/property-tax-exemptions-veterans
That’s great news Sandra. I wish you the best of luck.
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Thank you Marty. Printed out the forms.
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