[Adopted 2-25-2008 by L.L. 2-2008]
New York State authorizes counties, towns and villages to make available a partial property tax exemption to qualified veterans of the Cold War. The Town Board of the Town of Clifton Park has determined that it is appropriate to make this exemption available to qualified veterans of the Cold War in recognition of their service to our country.
A. 
The Town of Clifton Park hereby adopts the partial exemption from real property taxation for owner-occupied real property owned by qualified veterans of the Cold War authorized by § 458-b of the New York State Real Property Tax Law.
B. 
Subject to the provisions of § 182-17 of this article, this exemption shall be administered in accordance with the definitions and procedures of § 458-b of the Real Property Tax Law, as originally enacted by Chapter 655 of the Laws of 2007, and any applicable amendments enacted thereafter.
A. 
Subject to the maximum specified in Subsection B of this section, the qualified Cold War veteran shall be entitled to a reduction of 15% of the assessed value of his or her residence.
B. 
Notwithstanding Subsection A of this section, an exemption granted pursuant to this article shall not exceed the product of $12,000 multiplied by the latest state equalization rate.
C. 
In addition to the exemption provided by Subsections A and B of this section, where the Cold War veteran received a compensation rating from the United States Veterans Affairs or from the United States Department of Defense because of a service-connected disability, qualifying residential real property shall be exempt from taxation to the extent of the product of the assessed value of such property multiplied by 50% of the Cold War veteran disability rating; provided, however, that such exemption shall not exceed $40,000, or the product of $40,000 multiplied by the latest state equalization rate for the assessing unit.
D. 
The exemptions authorized by this chapter shall apply to qualifying owners of qualifying real property for so long as they remain qualifying owners.
[Added 12-18-2017 by L.L. No. 1-2017]