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What is NYC AC § 11-245.7?

Quick Answer

This section establishes an alternative exemption for veterans and gold star parents under the real property tax law. It defines a gold star parent as a qualified owner and their primary residence as qualifying residential real property. Applies to gold star parents owning residential properties in New York City.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 11-245.7 Alternative exemption for veterans; gold star parent.

AC § 11-245.7

Pursuant to paragraph (b) of subdivision seven of section four hundred fifty-eight-a of the real property tax law, and in accordance with such section and any local laws adopted pursuant thereto, the city hereby includes a gold star parent within the definition of "qualified owner" as provided in paragraph (c) of subdivision one of such section, and includes property owned by a gold star parent within the definition of "qualifying residential real property" as provided in paragraph (d) of subdivision one of such section, provided that such property is the primary residence of the gold star parent.

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