The purpose of this article is to enact § 458-a of the Real Property Tax Law of the State of New York to allow the alternative veteran's exemption.
[Adopted 11-26-1984 as Ch. 82 of the 1984 Code; amended in its entirety 8-8-2004 by L.L. No. 1-2004]
The maximum exemption allowable under said § 458-a(2-a), (2-b) and (2-c) of the Real Property Tax Law shall be $12,000; $8,000 and $40,000, respectively.