There are three different property tax exemptions available to veterans who have served in the US Armed Forces. Eligible Veterans must submit the initial exemption application form to the assessor.There is a deadline for filing. 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. The application form for the alternative exemption is RP-458-b; it must be filed with your local assessor (instructions). "Eligible funds" Veterans' Exemption. Use Form RP458, Application for Veterans Exemption From Real Property Taxation.