Albion Village Board has hearing today on tax exemptions for veterans
ALBION – The Village Board will have a public hearing today at 6 p.m. on whether to offer a property tax exemption for veterans. If the veterans received a tax break, it would mean other village property owners would see an increase to make up the difference.
The board in January was asked to approve two tax exemptions for veterans. Earl Schmidt, director of the Veterans Service Agency in Orleans County, said then if the exemptions were passed by the Village Board, other village property owners would see their taxes increase by 30 cents per $1,000 of assessed property, or $18 for a house assessed at $60,000.
Schmidt asked that the Village Board to pass a veterans’ exemption that would provide about 15 percent off village taxes. Schmidt said there are 179 veterans in the village that would be eligible for that exemption.
He also asked that the village pass an exemption for Cold War era veterans that provides about 10 percent off taxes. There are 13 veterans in the village that would be eligible for that benefit, he said at the time.
With both exemptions, municipalities have the option of deciding maximum exemption levels so the amount of the exemptions can vary.
The hearing today is at the Village Hall, 35-37 East Bank St.
