[Adopted 9-9-1996 by L.L. No. 3-1997;
amended in its entirety 9-15-1999 by L.L. No. 1-1999]
This article shall be known as the "Village
of Tivoli Alternative Veterans Tax Exemption Law #1-1999."
All legally recognized veterans owning property
within the limits of the incorporated boundaries of the Village of
Tivoli shall be given the legal right to receive the following exemptions
from their Village property taxes.
The following shall constitute the legal limits
of the Village of Tivoli alternative tax exemption:
A.Â
Combat zone veterans: 15% of assessed property value
to a maximum of $12,000 of property value.
B.Â
Wartime veterans: 10% of assessed property value to
a maximum of $8,000 of property value.
C.Â
Disabled veterans: 50% of service-related disability
equal to percentage of assessed value to a maximum of $40,000 of property
value.
