[Adopted 4-7-1997 by L.L. No. 3-1997[1]]
[1]
Editor's Note: This local law superseded former
Art. XII, Veterans Exemption, adopted 10-17-1994 by Section 2 of L.L.
No. 8-1994.
Notwithstanding the limitation on an amount
of exemption prescribed in Subdivision a or b of Subdivision (5) of § 458
of the New York State Real Property Tax Law, if the total assessed
value of the real property for which such exemption has been granted
increases or decreases as the result of a revaluation or update of
assessments, and a material change in level of assessment, as provided
in Title 2 of Article 12 of Chapter 410 of the 1994 Laws of New York
State, is certified for the assessment roll pursuant to the rules
of the State Board, the Assessor shall increase or decrease the amount
of such exemption by multiplying the amount of such exemption by such
change in level of assessment. If the Assessor receives the certification
after the completion, verification and filing of the final assessment
roll, the Assessor shall certify the amount of exemption as recomputed
pursuant to this section to the local officers having custody and
control of the roll, and such local officers are hereby directed and
authorized to enter the recomputed exemption certified by the assessor
on the roll.
Notwithstanding the provisions of paragraph
(b) of Subdivision 6 § 458 of the New York State Real Property
Tax Law, eligible owners of property who previously received an exemption
pursuant to Subdivision 5 of § 458, but who opted instead
to receive exemption pursuant to § 458-a, are hereby authorized
to receive an exemption pursuant to Subdivision (5) of § 458
of the New York State Real Property Tax Law upon timely application
by the owner within one year of the adoption of this article. Where
such application is timely made, the assessor shall recompute all
exemptions granted pursuant to this section by multiplying the amount
of each such exemption by the cumulative change in level of assessment
certified by the State Board measured from the assessment roll immediately
preceding the assessment roll on which exemptions were first granted
pursuant to § 458-a; provided, however, that if an exemption
was initially granted to a parcel on a later assessment roll, the
cumulative change in level factor to be used in recomputing that exemption
shall be measured from the assessment roll immediately preceding the
assessment roll on which that exemption was initially granted. No
refund or retroactive entitlements shall be granted.
In accordance with Subparagraph (ii) of Paragraph
(d) of Subdivision 2 of § 458-a of the Real Property Tax Law
(as amended by Chapter 417 of the Laws of 1997 of the State of New
York), the maximum tax exemptions for veterans are hereby increased
as follows:
A.
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 $36,000 or the product of $36,000
multiplied by the latest state equalization rate for the assessing
unit or, in the case of a special assessing unit, the latest class
ratio, whichever is less.
B.
In addition to the exemption provided by § 333-107A of this article, where the veteran served in a combat theater or combat zone of operation, as 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 25% of the assessed value of such property; provided, however, that such exemption shall not exceed $60,000 or the product of $60,000 multiplied by the latest state equalization rate for the assessing unit or, in the case of a special assessing unit, the class ratio, whichever is less.
C.
In addition to the exemptions provided by § 333-107A and B of this article, where the veteran received a compensation rating from the United States Veterans' Administration or from the United States Department of Defense 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 exemption shall not exceed $120,000 or the product of $120,000 multiplied by the latest state equalization rate for the assessing unit or, in the case of a special assessing unit, the latest class ratio, whichever is less. For the purpose of this article, where a person who served in the active military, naval or air service during a period of war died in service of a service-connected disability, such person shall be deemed to have been assigned a compensation rating of 100%.
[1]
Editor's Note: This local law provided that
it shall apply to assessment rolls prepared on the basis of a taxable
status date occurring after 1-1-2018.
[Added 7-7-2008 by L.L. No. 2-2008[1]]
A.
An exemption is hereby granted to Cold War veterans
in accordance with § 458-b of the Real Property Tax Law
of the State of New York. The exemption shall be as provided and administered
by § 458-b.
B.
Qualifying residential real property shall be exempt
from taxation to the extent of either:
(1)
Ten percent of the assessed value of such property;
provided, however, that such exemption shall not exceed $8,000 or
the product of $8,000 multiplied by the latest state equalization
rate of the assessing unit or, in the case of a special assessing
unit, the latest class ratio, whichever is less; or
(2)
Fifteen percent of the assessed value of such
property; provided, however, that such exemption shall not exceed
$12,000 or the product of $12,000 multiplied by the latest state equalization
rate of the assessing unit or, in the case of a special assessing
unit, the latest class ratio, whichever is less.
C.
In addition to the exemption provided by Subsection B of this section, where the Cold War veteran received a compensation rating from the United States Veterans Affairs or from the United States Department of Defense 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 Cold War veteran disability rating; provided, however, that such exemption shall not exceed $40,000, or the product of $40,000 multiplied by the latest state equalization rate for the assessing unit or, in the case of a special assessing unit, the latest class ratio, whichever is less.
[1]
Editor's Note: This local law also provided
that it shall apply to assessment rolls prepared on the basis of taxable
status dates occurring on or after 1-1-2009.
