[Adopted 2-15-2006 by L.L. No. 1-2006[1]]
[1]
Editor's Note: This local law also superseded
former Art. IV, Alternative Veterans Exemption, adopted 2-20-1997
by L.L. No. 3-1997.
The purpose of this article is to increase the
maximum exemptions allowable under Subdivisions 2(a), (b) and (c)
of § 458-a of the Real Property Tax Law of the State of
New York, known as the "Alternate Veterans Exemption," as authorized
by Chapter 256 of the 2005 Session Laws.
In accordance with the provisions of Real Property
Tax Law § 458-a Subdivision 2(d)(ii) as amended by Chapter 256
of the 2005 Session Laws, the Town Board of the Town of Carmel hereby
increases the maximum exemptions available under Subdivision 2(a),
(b) and (c) of § 458-a as follows:
A.
The maximum exemption allowable under Subdivision
2(a) of § 458-a of the Real Property Tax Law is hereby increased
to $54,000 or the product of $54,000 multiplied by the latest state
equalization rate for the Town.
B.
The maximum exemption allowable under Subdivision
2(b) of § 458-a of the Real Property Tax Law is hereby increased
to $36,000 or the product of $36,000 multiplied by the latest state
equalization rate for the Town.
C.
The maximum exemption allowable under Subdivision
2(c) of § 458-a of the Real Property Tax law is hereby increased
to $180,000 or the product of $180,000 multiplied by the latest state
equalization rate for the Town.
