[HISTORY: Adopted by the Town Board of the Town of Rotterdam 7-24-2020 by L.L. No. 9-2020. Amendments noted where applicable.]
The Town of Rotterdam hereby includes a Gold Star Parent within the definition of "qualified owner" of the New York State Real Property Tax Law § 458-a, as provided in Paragraph (c) of Subdivision 1 of the New York State Real Property Tax Law § 458-a, and hereby includes property owned by a Gold Star Parent within the definition of "qualifying residential real property," as provided in Paragraph (d) of Subdivision 1 of the New York State Real Property Tax Law § 458-a, provided that such property shall be the primary residence of the Gold Star Parent in accordance with New York State Real Property Tax Law § 458-a, Subdivision 7, Paragraph (b).
When a veteran, the spouse of the veteran or unremarried surviving spouse already receiving an exemption pursuant to this section sells the property receiving the exemption and purchases property within Schenectady County, the assessor shall transfer and prorate, for the remainder of the fiscal year, the exemption received. The prorated exemption shall be based upon the date the veteran, the spouse of the veteran or unremarried surviving spouse obtains title to the new property and shall be calculated by multiplying the tax rate or rates for each municipal corporation which levied taxes, or for which taxes were levied, on the appropriate tax roll used for the fiscal year or years during which the transfer occurred times the previously granted exempt amount times the fraction of each fiscal year or years remaining subsequent to the transfer of title. Nothing in this section shall be construed to remove the requirement that any such veteran, the spouse of the veteran or unremarried surviving spouse transferring an exemption pursuant to this subdivision shall reapply for the exemption authorized pursuant to this section on or before the following taxable status date, in the event such veteran, the spouse of the veteran or unremarried surviving spouse wishes to receive the exemption in future fiscal years.