The purpose of this article is to provide for
a veterans real property tax exemption in the Town of Greenwich pursuant
to § 458-a of the Real Property Tax Law of the State of
New York.
This article is enacted pursuant to the provisions
of Subdivision 2(d) of § 458-a of the Real Property Tax
Law of the State of New York.
[Amended 12-28-2017 by L.L. No. 2-2017]
Pursuant to the provisions of subdivision 2(d) of § 458-a
of the Real Property Tax Law of the State of New York, the veterans
exemption from real property taxes in the Town of Greenwich is established
as follows:
A. Qualifying residential real property shall be exempt from taxation
to the extent of 15% of the assessed value of such property; provided,
however, that such exemption shall not exceed the lesser of $33,000
or the product of $33,000 multiplied by the latest state equalization
rate for the Town of Greenwich.
B. In addition to the exemption provided by Subsection
A of this section, where the veteran served in a combat theater or combat zone of operations, as documented by the award of a United States campaign ribbon or service medal, qualifying residential real property also shall be exempt from taxation to the extent of 10% of the assessed value of such property; provided, however, that such exemption shall not exceed the lesser of $22,000 or the product of $22,000 multiplied by the latest state equalization rate for the Town of Greenwich.
C. In addition to the exemptions provided by Subsections
A and
B of this section, where the veteran received a compensation rating from the United States Veterans Administration because of a service-connected disability, qualifying residential real property shall be exempt from taxation to the extent of the product of the assessed value of such property multiplied by 50% of the veteran's disability rating; provided, however, that such exemption shall not exceed the lesser of $110,000 or the product of $110,000 multiplied by the latest state equalization rate for the Town of Greenwich.