[Adopted 3-27-2006 by L.L. No. 1-2006[1]]
[1]
Editor's Note: This local law also superseded
former Art. II, Alternative Veterans Exemption, adopted 1-24-1985
by L.L. No. 1-1985, as amended 2-24-1997.
This article shall be known as the "Local Law
Increasing the Maximum Exemption Allowable for Veterans" pursuant
to § 458-a of the Real Property Tax Law.
Pursuant to the provisions of § 458-a(2)(e)(ii)
of the Real Property Tax Law, the Town of Rhinebeck hereby increases
the maximum exemptions allowable in Subdivision 2(a), (b) and (c)
of § 458-a of the Real Property Tax Law as follows:
A.
The maximum exemption allowable in Subdivision 2(a)
of § 458-a of the Real Property Tax Law is hereby increased
to $27,000 or the product of $27,000 multiplied by the latest state
equalization rate for the Town of Rhinebeck, whichever is less.
B.
The maximum exemption allowable in Subdivision 2(b)
of § 458-a of the Real Property Tax Law is hereby increased
to $18,000 or the product of $18,000 multiplied by the latest state
equalization rate for the Town of Rhinebeck, whichever is less.
C.
The maximum exemption allowable in Subdivision 2(c)
of § 458-a of the Real Property Tax Law is hereby increased
to $90,000 or the product of $90,000 multiplied by the latest state
equalization rate for the Town of Rhinebeck, whichever is less.
