The Village of Clyde hereby officially adopts
Real Property Tax Law § 458-a granting an amendment to the
variable percentage property tax exemptions for residents of the Clyde
Village who are United States veterans, and said exemptions shall
take affect on the first day of March 2008; that said exemptions are
as follows:
A. Noncombat zone: 15% of assessed value to a maximum
of $12,000.
B. Combat zone: 10% of assessed value to a maximum of
$8,000.
[Amended 5-24-2007 by L.L. No. 5-2007]
C. Disabled veteran: percent of assessed value equal
to 1/2 of service-connected disability rating to a maximum of $40,000.
Those veterans who switched to the alternative
veterans exemption shall be allowed to switch back to the eligible
funds exemption if such option is exercised by the veteran within
one year of the adoption of this article.