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January 11, 2018 - 10:31am

City schools approves two tax exemptions for veterans

posted by Howard B. Owens in City Schools, batavia, news.

The Board of Education for Batavia City Schools approved two additional tax exemptions for veterans owning homes in the school district.

The Cold War and Eligible Funds exemptions have been available as exemptions for county, town and city taxpayers but the school districts have only recently been able to pass the exemptions. 

There are currently 75 veterans in the district who are eligible for an exemption on property taxes for their Cold War service to the nation. Five veterans are eligible for the Eligible Funds exemption.

The Eligible Funds exemption is an exemption on a portion of the purchase price of a house paid for with veterans benefits.

The veterans exemptions will be in effect for the 2018-19 school year. 

"We have been advised by Genesee County that veterans who are eligible are being encouraged apply for them -- i.e. see their local assessor, even if they are currently receiving the exemption from the county, town or village," said Scott Rozanski, business administrator for the district.

"There is a March 1 deadline each year for any applications. They would only need to apply once, not each year while residing in the same address."

Cold War veterans are eligible for up to a $6,000 reduction in assessment for tax purposes, and Eligible Funds veterans can get taxable assessed value reduction of up to $5,000. In both cases, the exemptions can be offset by other exemptions.

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