[Adopted 2-25-1997 by L.L. No. 1-1997]
A.
It is the purpose of this article to raise the home
value cap in the calculation of the alternative veterans exemption
in the Town of Sweden.
B.
Pursuant to the authority granted under Chapter 477
of the Real Property Tax Law,[1] municipalities are to reinstate the use of the current
state equalization rate in the calculation of the alternative veterans
exemption.
[1]
Editor's Note: Refer to Ch. 477 of the Laws
of 1996, which amended § 458-a of the Real Property Tax
Law.
C.
Pursuant to authority granted by the New York State
Legislature, the Assessor of the Town of Sweden is hereby directed
to increase the home value cap from $80,000 to $100,000 in the calculating
of the alternative veterans exemption beginning with the 1997 assessment
roll.
D.
For the purposes of this section, real property owned by a Gold Star
Parent (as defined by New York State Department of Taxation) shall
be deemed a qualifying residence and a Gold Star Parent shall be deemed
a qualified owner for the purposes of eligibility for the alternative
veterans exemption.
[Added 1-23-2018 by L.L.
No. 1-2018]
