Town of Thompson, NY Article III Alternative Veterans Exemption

[Adopted 2-28-2006 by L.L. No. 1-2006 (Ch. 218, Art. IV, of the 2003 Code)]

§ 216-9 Purpose; statutory authority.

This article is adopted pursuant to § 458-a of the Real Property Tax Law for the purpose of increasing the maximum exemption allowable for veterans.

§ 216-10 Definitions.

As used in this article, the following terms shall have the meanings indicated:

VETERAN

Any honorably discharged member of the Armed Forces of the United States who is a resident of this state and served as a member of the armed forces during time of war.

§ 216-11 Calculation of exemption.

There shall be an increase in the maximum veterans exemption calculated as follows:

A. Increase exemption for service during a period of war to $27,000;

B. Increase exemption for service in a combat zone to $18,000;

C. Increase exemption for disability up to $90,000.

§ 216-12 Termination of exemption.

This exemption shall remain so long as it is authorized by the State of New York and the County of Sullivan.