[Adopted 12-14-2009 by L.L. No. 4-2009; amended 3-8-2010 by L.L. No.
1-2010]
The purpose of this article is to allow for a real property
tax exemption for Cold War veterans pursuant to § 458-b
of the New York State Real Property Tax Law.
The real property tax exemption for Cold War veterans is hereby
adopted as is provided in § 458-b of the New York State
Real Property Tax Law as amended to date. The maximum limits of said
exemption shall however be as established hereinafter.
All future amendments to § 458-b of the Real Property
Tax Law shall be incorporated herein without any further action by
the Town Board except options to decrease or increase maximum limits
which shall require amendment hereto by local law.
The maximum exemption allowable in Paragraphs (a) and (b) of
Subdivision 2 of § 458-b of the Real Property Tax Law shall
be $36,000 and $120,000, respectively.
