[Adopted 11-12-2008 by L.L. No. 3-2008]
It is the intent of this article to:
A.
Authorize a limited exemption from real property taxes for residential
real property owned by veterans and who rendered military service
to the United States during the Cold War and their surviving spouses
pursuant to § 458-b of the Real Property Tax Law; and
B.
Establish maximum exemption amounts thereunder.
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 person, 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.
The latest final equalization rate established by the state
board.
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 owned 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 only the 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.
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 line of duty on active military, naval
or air service.
A.
A qualifying residential real property 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 $8,000 or the product
of $8,000 multiplied by the latest state equalization rate of the
assessing unit.
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.
C.
Limitations.
(1)
The exemption from taxation provided by this section shall be applicable
to Town taxation only and shall not be applicable to taxes levied
for school purposes.
(2)
If a Cold War veteran receives the exemption under § 458
or 458-a of the Real Property Tax Law, the Cold War veteran shall
not be eligible to receive the exemption under this section.
(3)
The exemption authorized shall apply to qualifying owners of qualifying
real property in the Town of Schaghticoke for as long as they remain
qualifying owners, without regard to any ten-year limitation.
[Amended 2-27-2018 by L.L. No. 1-2018]
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
exemption shall continue in full force and effect for all appropriate
subsequent tax years and the owner or owners of the property shall
not be required to refile each year. Applicants shall be required
to refile on or before the appropriate taxable status date if the
percentage of disability percentage increases or decreases or may
refile if other changes have occurred which affect qualification for
an increased or decreased amount of exemption. 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 shall take effect on March 1, 2009 for the 2010
tax rolls.
