[Adopted 1-20-2009 by L.L. No. 1-2009]
The purpose of this article is to exempt from taxes levied by the Town of Owego pursuant to Real Property Tax Law § 458-a certain real property owned by the parent of a child who died in the line of duty while serving in the United States Armed Forces during a period of war.
The Owego Town Board is authorized to adopt and/or amend the within article pursuant to Real Property Tax Law § 458-a, Subdivision 7(b) and by Municipal Home Rule Law § 10.
For purposes of this article, the following terms shall have the meanings indicated:
GOLD STAR PARENT
The parent of a child who died in the line of duty while serving in the United States Armed Forces during a period of war.
PERIOD OF WAR
Has the same meaning as used in Real Property Tax Law § 458-a
QUALIFYING RESIDENTIAL REAL PROPERTY
Has the same meaning as used in Real Property Tax Law § 458-a
From and after the effective date of this article, real property located within the Town of Owego and owned by a Gold Star Parent and used by the Gold Star Parent as his or her primary residence shall be deemed qualifying residential real property and shall be exempt from taxes levied by the Town of Owego to the same extent and subject to the same rules and regulations as provided by Real Property Tax Law § 458-a, as the same may be amended from time to time.