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:
A.
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.
B.
"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.
