The purpose of this article is to modify the
maximum veterans exemption from real property taxes pursuant to § 458-a
of the Real Property Tax Law of the State of New York.
[Amended 2-20-2001 by L.L. No. 5-2001; 2-28-2006 by L.L. No. 4-2006]
Pursuant to the authority of Real Property Tax
Law § 458-a(2)(d)(ii) the maximum allowable alternative
veterans exemption shall be:
A. For veterans: 15% up to $36,000 or $36,000 multiplied
by the latest state equalization rate for the City of Cohoes.
B. For combat veterans: 10% up to $24,000 or $24,000
multiplied by the latest state equalization rate for the City of Cohoes.
C. For veterans with service disabilities: 50% up to
$120,000 or $120,000 multiplied by the latest state equalization rate
for the City of Cohoes.