Obtaining a veterans exemption is not automatic – If you're an eligible veteran, you must submit the initial exemption application form to your assessor. Qualifying veterans and their family members are eligible for property tax breaks in New York City.Alternative Veterans Exemption - overview. There are three different property tax exemptions available to veterans who have served in the US Armed Forces. Download the initial exemption application and fill it in. You can also call 311 to get one mailed to you. New York offers special benefits for service members, Veterans and their families including property tax exemptions, New York National Guard tuition assistance. Veterans who live in New York have two ways to receive a property tax exemption. To apply you will need your qualification letter from the Department of Veteran Affairs and complete form PT-401 at the SCDOR. See eligibility requirements and download an application for real estate tax exemption for disabled veterans.