Village of Fair Haven, NY Alternative Veterans Exemption

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Editor's Note: This local law supersedes former Art. II, Veterans Exemption, of Ch. 28 of the 1970 Code, adopted 12-7-1987 by L.L. No. 3-1987.

Pursuant to the provisions of § 458-a, Subdivision 2(d), of the Real Property Tax Law of the State of New York, the maximum veterans exemption from real property taxes allowable pursuant to § 458-a of the Real Property Tax Law is established as follows:

Qualifying residential real property shall be exempt from taxation to the extent of 15% of the assessed value of such property; provided, however, that such exemption shall not exceed $9,000 or the product of $9,000 multiplied by the latest state equalization rate (as it applies to the various towns in Cayuga County and the City of Auburn).

In addition to the exemption provided by Subsection A of this section, where the veteran served in a combat theater or combat zone of operations, documented by the award of a United States campaign ribbon or service medal, qualifying residential real property also shall be exempt from taxation to the extent of 10% of the assessed value of such property; provided, however, that such exemption shall not exceed the lesser of $6,000 or the product of $6,000 multiplied by the latest state equalization rate (as it applies to the various towns in Cayuga County and the City of Auburn).

In addition to the exemptions provided by Subsections A and B of this section, where the veteran received a compensation rating from the United States Veterans Administration because of a service-connected disability, qualifying residential real property shall be exempt from taxation to the extent of the product of the assessed value of such property multiplied by 50% of the veteran's disability rating; provided, however, that such exemptions shall not exceed the lesser of $30,000 or the product of $30,000 multiplied by the latest state equalization rate (as it applies to the various towns in Cayuga County and the City of Auburn).