As used in this article, the following terms shall have the
meanings indicated:
ACTIVE DUTY
Full-time duty in the United States Armed Forces, other than
active duty for training.
ARMED FORCES
The United States Army, Navy, Marine Corps, Air Force, and
Coast Guard.
COLD WAR VETERAN
A male or female who served on active duty in the United
States Armed Forces during the time period from September 2, 1945,
to December 26, 1991, and was discharged or released therefrom under
honorable conditions.
LATEST CLASS RATIO
The latest final class ratio established by the State Board
pursuant to Title 1 of Article 12 of the Real Property Tax Law for
use in a special assessing unit as defined in § 1801 of
the Real Property Tax Law.
QUALIFIED OWNER
A Cold War veteran, the spouse of a Cold War veteran, or
the unremarried surviving spouse of a deceased Cold War veteran. Where
property is owned by more than one qualified owner, the exemption
to which each is entitled may be combined. Where a veteran is also
the unremarried surviving spouse of a veteran, such person may also
receive any exemption to which the deceased spouse was entitled.
QUALIFIED RESIDENTIAL REAL PROPERTY
Property by a qualified owner which is used exclusively for
residential purposes; provided, however, that in the event that any
portion of such property is not used exclusively for residential purposes,
but is used for other purposes, such portion shall be subject to taxation,
and the only remaining portion used exclusively for residential purposes
shall be subject to the exemption provided by this article. Such property
shall be the primary residence of the Cold War veteran or the unremarried
surviving spouse of a Cold War veteran, unless the Cold War veteran
or unremarried surviving spouse is absent from the property due to
medical reasons or institutionalization for up to five years.
SERVICE-CONNECTED
With respect to disability or death, that such disability
was incurred or aggravated, or that the death resulted from a disability
incurred or aggravated, in the line of duty or active military, naval
or air service.
Notwithstanding the foregoing provisions of this article, any
exemption which shall be granted pursuant to this article shall be
effective and apply to properties affected by the taxable status date
next occurring at least 90 days following the adoption of this article.
This article adopted may be repealed by the Village Board of
the Village of Angola at any time. Such repeal shall occur at least
90 days prior to the taxable status date of such Village.