[HISTORY: Adopted by the Town Board of the Town of Newfane as indicated in article histories. Amendments noted where applicable.]
[Adopted 12-13-1966 (Ch. 35 of the 1971 Code)]
The provisions of § 467 of the Real Property Tax Law are hereby enacted and given full force and effect in the Town of Newfane, Niagara County, New York, and shall take effect so that the tax exemption granted therein will be applicable to the 1968 Town tax year and subsequent years.
An exemption of assessed valuation of real property included in this article shall be to the extent of 50% thereof.
The Town Board may take other and further action to implement the provisions of § 467 of the Real Property Tax Law and this article by resolution.
[Added 2-28-1973; amended 2-8-1978]
The income of the owner or the combined income of the owners must not exceed $6,000 as defined in § 467, Subdivision 3(a), of the Real Property Tax Law for the 12 consecutive months prior to the date that the application is filed.
[Adopted 5-22-1985 by L.L. No. 3-1985[1] (Ch. 33A of the 1971 Code)]
[1]
Editor's Note: This local law also superseded original Ch. 33A, Taxation: Change in Veterans Exemption, adopted 3-23-1983 by L.L. No. 2-1983.
The purpose of this article is to increase the exemption from real property taxes for veterans in the same proportion as total assessed value has been increased by virtue of full value assessment in the Town of Newfane.
Pursuant to the provisions of Subdivision 5(a) of § 458 of the Real Property Tax Law of the State of New York, the veterans tax exemption shall be increased in the Town of Newfane in proportion to the increase in full value assessment in said tax district.
Such assessment shall be made by the Assessors in the manner provided in Paragraph 3 of Subdivision 1 of § 458, and no application therefor need be filed by or on behalf of any owner of any eligible property.
Where property which is owned by a veteran and is receiving an exemption pursuant to § 458 of the Real Property Tax Law is sold and other real property is acquired to replace the formerly owned property, the exempt amount granted on the formerly owned property pursuant to § 458 of the Real Property Tax Law and as expressed in a percentage shall be granted on the property acquired to replace the formerly owned property, provided that the newly acquired property is in the same assessing unit and provided, further, that the exemption granted on the newly acquired property shall not exceed the exemption on the formerly owned property, as expressed in a dollar amount.