[Adopted 9-25-1984 by L.L. No. 3-1984 (Ch.
57, Art. II, of the 1978 Code)]
A.Â
The Village
of Millerton hereby reduces the maximum limitations on veterans real
property tax exemptions, under Chapter 525 of the Laws of 1984,[1] to $6,000, an additional $4,000 for veterans who served
in combat zone and an additional $20,000 for veterans having a service-connected
disability rating.
[1]
Editor's Note: See Real Property Tax Law § 458-a.
B.Â
Effective
as of the tentative roll for 2011, the Cold War veterans exemption
from real property taxes that is allowed pursuant to § 458-b
of the Real Property Tax Law is established in the Village of Millerton
as follows:
[Added 10-18-2010 by L.L. No. 2-2010]
(1)Â
Qualifying
residential property eligible for an exemption pursuant to §
458-b2(a) of the Real Property Tax Law shall be entitled to receive
an exemption of 15% of the assessed value of such property; provided,
however, that such exemption shall not exceed $27,000, or the product
of $27,000 multiplied by the latest state equalization rate for the
Village of Millerton, whichever is less.
(2)Â
Qualifying
residential property that is eligible for the additional Cold War
veterans disability rating real property tax exemption authorized
by § 458-b2(b) of the Real Property Tax Law shall be entitled
to receive the full amount of that additional exemption.
(3)Â
The
exemption authorized by this section shall apply to qualifying owners
of qualifying real property for as long as they remain qualifying
owners, without regard to the ten-year limitation as set forth in
§ 458-b, Subdivision (2)(c)(iii) of the New York Real Property
Tax Law.
[Added 2-26-2018 by L.L.
No. 1-2018]
