[Adopted 5-14-1997 by L.L. No. 3-1997[1]]
[1]
Editor's Note: This local law also provided that it shall be applied to assessment rolls finalized in 1997.
A. 
The purpose of this article is to adopt the maximum tax exemption for alternative veterans as authorized by Chapter 477 of the Laws of New York for 1996.
B. 
Chapter 477 of the Laws of New York for 1996 amended Subparagraph (ii) of Paragraph (d) of Subdivision 2 of § 458-a of the New York State Real Property Tax Law allowing the Town of Schaghticoke to adopt a local law to increase the maximum exemption allowed under this section.
[Amended 4-11-2001 by L.L. No. 1-2001; 4-11-2007 by L.L. No. 3-2007]
A. 
Qualifying residential real property shall be exempt from taxation to the extent of 15% of the assessed value of such property; provided, however, that such exemption shall not exceed $27,000 or the product of $27,000 multiplied by the last state equalization rate for the Town or, in the case of a special assessing unit, the latest class ratio, whichever is less.
B. 
In addition to the exemption provided in Subsection A of this section, where the veteran served in combat theater or combat zone of operations, as documented by the award of a United States campaign ribbon or service medal, qualifying residential real property also shall be exempt from taxation to the extent of 10% of the assessed value of such property; provided, however, that such exemption shall not exceed $18,000 or the product of $18,000 multiplied by the latest state equalization rate for the Town or, in the case of a special assessing unit, the latest class ratio, whichever is less.
C. 
In addition to the exemptions provided by Subsections A and B of this section, where the veteran received a compensation rating from the United States Veteran's Administration or from the United States Department of Defense because of a service-connected disability, qualifying residential real property shall be exempt from taxation to the extent of the product of the assessed value of such property multiplied by 50% of the veteran's disability rating; provided, however, that such exemption shall not exceed $90,000 or the product of $90,000 multiplied by the latest state equalization rate for the Town or, in the case of a special assessing unit, the latest class ratio, whichever is less. For the purpose of this section, where a person who served in the active military, naval or air service during a period of war died in service of a service-connected disability, such person shall be deemed to have been assigned a compensation rating of 100%.
D. 
Upon receipt of a proper application and any required supporting materials, the exemption from taxation provided in Subsections A and B of this section shall be applied to the primary residence of a Gold Star Parent. As required by state law, the additional exemption provided for in Subsection C of this section shall not apply to real property owned by a Gold Star Parent.
[Added 1-8-2014 by L.L. No. 1-2014]
E. 
For purposes of this section, a "Gold Star Parent" shall mean the parent of a child who died in the line of duty while serving in the United States Armed Forces during a period of war.
[Added 1-8-2014 by L.L. No. 1-2014]