The exemption for veterans provided by Subdivisions
1 and 2 of § 458 of the Real Property Tax Law (RPTL) shall,
for County purposes, be subject to adjustment as described in Subdivision
5(a) of such section.
Owners of property who previously received an
exemption pursuant to § 458 of the Real Property Tax Law,
but who opted to receive exemption pursuant to § 458-a of
the Real Property Tax Law, in accordance with Subdivision 5(b) of
§ 458 of such law, may apply within one year from the date
this article is adopted to again receive exemption pursuant to § 458
of the Real Property Tax Law; provided, however, that only those applications
actually received by the Assessor on or before 5:00 p.m. on October
31, 1994, shall be eligible for the exemption under said § 458
for purposes of the 1995 County taxes.
This article shall be applied retroactively to an assessment roll prepared on the basis of a taxable status date of March 1, 1994, subject to the provisions of §
357-36.1 of this article.