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.