[Adopted 2-27-2008 by L.L. No. 1-2008]
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.