[Adopted 10-28-1985 by L.L. No. 2-1985]
The purpose of this article is to provide that proportional exemption from real property taxes shall be granted pursuant to § 458, Subdivision 5, of the Real Property Tax Law of the State of New York.
Pursuant to the provisions of Subdivision 5 of § 458 of the Real Property Tax Law of the State of New York, a veteran's exemption may be increased or decreased in proportion to any change in said veteran's exemption brought about only by a full-value assessment in the tax district in which said property is located.