[HISTORY: Adopted by the Town Board of the
Town of Barre as indicated in article histories. Amendments noted
where applicable.]
[Adopted 12-3-1984 by L.L. No. 1-1984]
The purpose of this article is to reduce the
maximum veterans exemption allowable pursuant to § 458-a
of the Real Property Tax Law of the State of New York.
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.Â
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 $6,000 or the product of $6,000 multiplied by the state equalization
rate for the Town of Barre.
B.Â
In addition to the exemption provided by Subsection
A of this section, where the veteran served in a combat theatre or
combat zone of operations, as documented by the award of an 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 $4,000 or the product of
$4,000 multiplied by the latest state equalization rate for the Town
of Barre.
C.Â
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 $20,000 or the product of $20,000 multiplied
by the latest state equalization rate for the Town of Barre.
