This article is enacted pursuant to the authority and in accordance with Real Property Tax Law § 458-a. All terms and definitions of such section shall be equally applicable.
The purpose of this article is to exempt from real property taxes property owned by veterans and Gold Star parents, as authorized by § 458-a of the Real Property Tax Law.
All property held by a "qualifying owner" is eligible for this exemption, subject to the following definitions:
Section 458-a(1)(c) of the Real Property Tax Law defines "qualified owner" as a veteran, spouse of a veteran, or the unremarried surviving spouse of a veteran.
"Qualified owner" also includes a Gold Star parent (i.e., a parent of children who died in the line of duty while serving in the United States Armed Forces during a period of war) owning qualifying residential real property provided by such § 458-a, provided that he or she uses such property as his or her primary residence.
Pursuant to § 458-a(2)(d)(ii) of the Real Property Tax Law, the maximum exemptions allowable from Town real property taxation under § 458-a(2)(a), (b), and (c) shall be $36,000, $24,000, and $120,000, respectively.