[Adopted 3-12-1985 by L.L. No. 1-1985]
[Amended 4-1-1997 by L.L. No. 5-1997]
The purpose of this article is to adopt the maximum veterans
exemption allowable pursuant to § 458-a of the Real Property
Tax Law of the State of New York.
[Amended 8-6-1996 by L.L. No. 1-1996; 4-1-1997 by L.L. No.
5-1997; 2-3-1998 by L.L. No. 2-1998]
A.
Qualifying residential real property shall be exempt from taxation
to the extent of 15% of the assessed value of such property; provided,
however, that such exemption shall not exceed the default limits as
set by New York State for the alternative veterans exemption.[1]
[1]
Editor's Note: See § 458-a, Subdivision 2, of the
Real Property Tax Law.
B.
In addition to the exemption provided by Subsection A of this section, where the veteran served in a combat theatre or combat zone of operations, as documented by the award of a United States campaign ribbon or service medal, qualifying residential real property also 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 the default limits as set by New York State for the alternative veterans exemption.[2]
[2]
Editor's Note: See § 458-a, Subdivision 2, of the
Real Property Tax Law.
C.
In addition to the exemption provided by Subsections A and B of this section, where the veteran received a compensation rating from the United States Veterans Administration 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 veterans disability rating; provided, however, that such exemption shall not exceed the default limits as set by New York State for the alternative veterans exemption.[3]
[3]
Editor's Note: See § 458-a, Subdivision 2, of the
Real Property Tax Law.
