Volunteer fire fighters and fire companies in the
Village of Colonie. The real property owned by a volunteer member
of the Village Fire Department and the real property owned by any
Volunteer Fire Company in the Village shall be exempt from taxation
for Village purposes to the extent of $500 of assessed value in addition
to any other exemption authorized by law. For purposes of this subsection,
"volunteer fire fighter" shall have the meaning designated in the
Volunteer Firefighters' Benefit Law.[1]
The Chief of the Village Fire Department shall certify
to the Board of Trustees the members of the Village Fire Department
on or before January 15 of each successive year following the effective
date of this section.
The Chief of the Village Fire Department shall notify
the Board of Trustees immediately whenever a member of the Village
Fire Department shall cease to be a member of such Village Fire Department.