Village of Clyde, NY Article III Alternative Veterans Exemption

[Adopted 3-15-2007 by L.L. No. 2-2007]

§ 165-22 Exemption adopted; amount.

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.

§ 165-23 Time limit to switch exemptions.

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.