Lakeland to Hold Hearing on Veterans Tax Exemption

The Lakeland Board of Education is scheduled to hold a public hearing on Thursday, October 15 to consider adopting a tax exemption for veterans who served during wartime or in a combat zone or have a service-related disability.

The tax savings for Lakeland veterans in approximately 1,500 households would range from $317 to $1,583 annually, while non-veteran homeowners would experience a tax increase of .75% to 1% since the exemption would redistribute the tax levy in the district.

The hearing will take place at 7:30 p.m. in the cafeteria of Walter Panas High School on Croton Avenue.

The veterans’ exemption, which was signed by Governor Andrew Cuomo in 2013, would also provide a tax break for certain family members of veterans, including spouses and un-remarried surviving spouses. Gold Star parents, who lost a child who was serving in the line of duty, may also qualify.

The Board of Education must adopt the exemption and vote on the exemption limits no later than March 1, 2016 for it to be effective for the tax levy in the 2017-18 school year.

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