[Adopted 4-13-2009 by L.L. No. 3-2009]
As used in this article, the following terms shall have the
meanings indicated:
Full-time duty in the United States Armed Forces, other than
active duty for training.
The United States Army, Navy, Marine Corps, Air Force, and
Coast Guard.
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.
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.
The latest final equalization rate established by the State
Board pursuant to Article 12 of the Real Property Tax Law.
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.
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.
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.
A.
Qualified residential real property shall be exempt from taxation
to the extent of either:
(1)
Ten percent of the assessed value of such property; provided, however,
that such exemption shall not exceed $8,000 or the product of $8,000
multiplied by the latest state equalization rate of the assessing
unit, or in the case of a special assessing unit, the latest class
ratio, whichever is less;[1]
[1]
Editor's Note: Former Subsection A(2), regarding an exemption
of 15%, which immediately followed this subsection, was repealed 4-9-2018
by L.L. No. 3-2018.
B.
In addition to the exemption provided by Subsection A of this section, where the Cold War veteran received a compensation rating from the United States Veterans Affairs or from the United States Department of Defense 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 Cold War veteran disability rating; provided, however, that such exemption shall not exceed $40,000 or the product of $40,000 multiplied by the latest state equalization rate for the assessing unit, or in the case of a special assessing unit, the latest class ratio, whichever is less.
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.
A.
Application for exemption shall be made by the owner, or all of the
owners, of the property on a form prescribed by the State Board. The
owner or owners shall file the completed form in the Assessor's
office on or before the first appropriate taxable status date. The
owner or owners of the property shall be required to refile each year.
Applicants shall refile on or before the appropriate taxable status
date.
B.
Any applicant convicted of willfully making any false statement in
the application for such exemption shall be subject to the penalties
prescribed in the Penal Law.
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.
