The Lackawanna City Council of the City of Lackawanna
finds that recent changes in § 458-a in the Real Property
Tax Law of the State of New York would have the effect of reducing
property tax exemptions for veterans in the City of Lackawanna. The
City Council wishes to increase the amount of exemptions allowable
to such veterans.
The home value cap for veteran exemptions, as
provided for in § 458-a the Real Property Tax Law, is hereby
increased from $80,000 to $120,000.
The maximum exemptions allowable under Subdivision
2 of § 458-a of the Real Property Tax Law for the following
classes of veterans is hereby increased as follows:
A. For War veterans [§ 458-a(2)(a)]: $18,000.
B. For combat veterans [§ 458-a(1)(b)]: $12,000.
C. For disabled veterans [§ 458-a(2)(c)]: $60,000.