[Adopted 3-6-1995 by L.L. No. 1-1995]
Pursuant to § 458, Subdivision 5(a), of the Real Property Tax Law, the Assessor of the Town of Pompey is authorized to increase or decrease the amount of veterans tax exemption as set forth therein.
Pursuant to § 458, Subdivision 5(b), of the Real Property Tax Law, owners of real property who have previously opted to receive an exemption pursuant to the alternative veterans exemption specified in § 458-a of the Real Property Tax Law may receive an exemption pursuant to § 458 of the Real Property Tax Law if an application is made for said change within one year of the date of adoption of this article.
[Added 1-6-1997 by L.L. No. 1-1997; amended 4-2-2007 by L.L. No. 5-2007; 4-6-2016 by L.L. No. 2-2016]
Pursuant to the provisions of Subdivision 2(d) of § 458-a of the Real Property Tax Law of the State of New York, the maximum veterans exemption from real property taxes allowable pursuant to § 458-a of the Real Property Tax Law 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 545,000 or the product of $45,000 multiplied by the latest state equalization rate for the Town of Pompey.
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 estate 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 $30,000 or the product of $30,000 multiplied by the latest state equalization rate for the Town of Pompey.
C.
In addition to the exemptions provided by Subsections A and 5 of this section, where the veteran received a compensation rating from the United States Veterans' Administration or from the United States Department of Defense 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 $150,000 or the product of $150,000 multiplied by the latest state equalization rate for the Town of Pompey. For purposes of this subsection, where a person who served in the active military, naval or air service during a period of war died in service of a service-connected disability, such person shall be deemed to have been assigned a compensation rating of 100%.
