In accordance with the provisions of § 458-b of the Real Property Tax Law of the State of New York, residential real property owned by veterans who rendered military service to the United States during the Cold War and property is used as the primary legal residence of such persons, shall be exempt from taxation by the Town of Plattekill to the extent established from time to time by resolution of the Town Board following a public hearing of the scheduled percentage exemption, as indicated in §
97-20 below:
The maximum exemptions allowable from Town real property taxation
pursuant to § 458-b of the Real Property Tax Law shall be
15% of the property's assessment, not to exceed $12,000 multiplied
by the latest final state equalization rate for service during the
Cold War and a percentage of the property's assessment equal to 1/2
of any service-connected disability rating not to exceed $40,000 multiplied
by the latest final state equalization rate.