Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address.You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year. It is a local option to establish two separate property tax rates: a lower tax rate for residential property owners. Explore the nuances of New York's Homestead Exexemption. Must show proof of cancellation of any residency required exemption or homestead exemption. In bankruptcy, a homestead exemption protects equity in your home. Here, you'll find specific information about the homestead exemption in New York. The City of New York offers tax break down known as exemptions to seniors, veterans, clergy members, people with disabilities, and others. President Abraham Lincoln signed the Homestead Act on May 20, 1862.
