[Amended 11-18-2009 by L.L. No. 6-2009]
A.
Pursuant
to the authority of Subdivision 4(a) of § 458-a of the Real
Property Tax Law, the Town Board of the Town has elected to make the
alternative veterans tax exemption applicable in accordance with § 458-a
of the Real Property Tax Law.
B.
Pursuant
to the authority set forth in New York State Real Property Tax Law
§ 458-a, Subdivision 2(d)(ii), the maximum tax exemption
allowable to veterans shall be increased as follows:
(1)
The
exemption for qualifying residential real property shall not exceed
$27,000, or the product of $27,000 multiplied by the latest state
equalization rate for the Town of Pleasant Valley, whichever is less.
(2)
In addition to the exemption provided in Subsection B(1) of this section, where a veteran served in a combat theater or combat zone of operations, as documented by the award of the United States Campaign Ribbon or Service Medal, the additional exemption for qualifying residential real property shall not exceed $18,000, or the product of $18,000 multiplied by the latest state equalization rate for the Town of Pleasant Valley, whichever is less.
(3)
In addition to the exemptions provided in Subsection B(1) and (2) of this section, where the veteran received a compensation rating from the United States Veterans Administration or from the United States Department of Defense because of a service-connected disability, the additional exemption for qualified residential real property shall not exceed $90,000, or the product of $90,000 multiplied by the latest state equalization rate for the Town of Pleasant Valley, whichever is less.
