The City of Fulton will join the county in offering a reduced property tax bill for veterans who served during the Cold War era.
The Cold War Veterans Property Tax Exemption Act provides a tax break of 15% to Fulton city residents who served in the military anytime from September 2, 1945 to December 26, 1991 and who are not receiving any other property tax break provided to war veterans.Ã‚Â There’s an additional benefit for disabled veterans, tied to their disability ratings.
The exemption does not cover school taxes or special assessments such as city water, sewer and garbage fees.Ã‚Â The benefit will begin with next year’s taxes.
Veterans have until March 1 to apply for the benefit.Ã‚Â (Get detailed answers to questions about the tax break, along with links to application forms, here.)
Mayor Ron Woodward said that 15 veterans have signed up for the benefit so far.
At a public hearing held before the Common Council approved the benefit, former Alderman Bob Weston told the Council that “a number of veterans inquired about the benefit.”
Alderman Peter Franco said he approved of the tax break because it “takes notice oxf all veterans who have served, whether in war or peacetime.”