[Adopted 1-9-2007 by L.L. No. 2-2007[1]]
[1]
Editor's Note: This local law also superseded former Art. IV, Alternative Veterans Tax Exemption, adopted 5-9-2006 by L.L. No. 7-2006.
This article is adopted pursuant to the authority of the Real Property Tax Law § 458-a. All definitions, terms and conditions of such statute as presently enacted shall apply to this article and are incorporated herein.
The purpose of this article is to adopt an increased veterans exemption allowable pursuant to Real Property Tax Law § 458-a and to extend the eligibility for the alternative veterans exemption to Gold Star Parents.
As authorized by Subdivision 7 of the Real Property Tax Law § 458-a, the Town of Coxsackie hereby includes a Gold Star Parent (i.e., parent of a child who died in the line of duty while serving in the United States Armed Forces during a period of war) within the definition of "qualified owner" set forth in Subdivision 1(c) of the Real Property Tax Law § 485-a, and property owned by a Gold Star Parent within the definition of "qualifying residential real property" set forth in Subdivision 1(d) of the Real Property Tax Law § 485-a, provided that such property shall be the primary residence of the Gold Star Parent. The additional exemption provided for in Subdivision 2(c) of the Real Property Tax Law § 458-a shall not apply to real property owned by a Gold Star Parent.
Qualifying residential real property located in the Town of Coxsackie owned by a veteran or qualifying owner, as defined in § 458-a of the Real Property Tax Law, shall be exempt from taxation to the extent of 15% of the assessed value of such property not to exceed $18,000.
In addition to the exemption provided in § 183-10, where the veteran also served in a combat theatre or combat zone of operations documented by the award of a United States campaign ribbon or service medal, qualifying residential real property also shall be exempted from taxation to the extent of 10% of the assessed value to a maximum of $12,000, for a total maximum exemption not to exceed $30,000.
A. 
In addition to the exemptions provided in §§ 183-10 and 183-11, where a 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 a product of the assessed value of said property multiplied by 50% of the veteran's disability rating; provided, however, that said exemption shall not exceed $60,000.
B. 
Reference is hereby made to Real Property Tax Law § 458-a for all definitions utilized herein which statute is incorporated herein.
Any such real property tax exemption will apply on assessment rolls completed based upon taxable status date March 1, 2007, and after.