[1]
Editor's Note: This local law superseded L.L. No. 4-1997,
regarding the alternative veterans exemption, adopted 4-22-1997.
A.
In accordance with the authorization of Subparagraph (ii) of Paragraph
(d) of Subdivision 2 of § 458-a of the Real Property Tax
Law, the maximum allowable exemption of Paragraphs (a), (b) and (c)
of Subdivision 2 of § 458-a of such law is hereby increased
to $75,000, $50,000 and $250,000, respectively.
[Amended 6-13-2022 by L.L. No. 2-2022]
B.
In accordance with the authorization of Paragraph (b) of Subdivision 7 of § 458-a of the Real Property Tax Law, Gold Star Parent, as defined in Paragraph (a) of Subdivision 7 of § 458-a is included within the definition of "qualified owner" as provided in Paragraph (c) of Subdivision 1 of § 458-a, and the property owned by a Gold Star Parent is included within the definition of "qualifying residential real property" as provided in Paragraph (d) of Subdivision 1 of § 458-a, provided that such property shall be the primary residence of the Gold Star Parent. The exemptions provided in Subsection A above shall apply to Gold Star Parents as provided herein, with the exception of the exemption contained in Paragraph (c) of Subdivision 2 of § 458-a of the Real Property Tax Law.
