Town of Cornwall, NY
Orange County
By using eCode360 you agree to be legally bound by the Terms of Use. If you do not agree to the Terms of Use, please do not use eCode360.
Table of Contents
Table of Contents
[Adopted 11-21-2007 by L.L. No. 5-2007]
This article is adopted pursuant to the authority of Real Property Tax Law §§ 458 and 458-a.
The terms used in this article shall have the same meaning as the terms are used in Real Property Tax Law §§ 458 and 458-a.
A. 
A qualified residential real property owned by a wartime veteran shall be exempt from taxation to the extent of 15% of assessed value as shown on the latest completed assessment roll of the Town, not exceeding $21,000 or the product of $21,000 multiplied by the latest state equalization rate for the Town, whichever is the lesser amount.
B. 
In addition to the exemption set forth in Subsection A above, a qualified residential real property owned by a combat wartime veteran shall be exempt from taxation to the extent of 10% of assessed value as shown on the latest completed assessment roll of the Town, not exceeding $14,000 or the product of $14,000 multiplied by the latest state equalization rate for the Town, whichever is the lesser amount.
C. 
In addition to the exemptions provided by Subsections A and B of this section, a qualified residential real property owned by a disabled wartime veteran shall be exempt from taxation to the extent of 1/2 of his or her service-connected disability not exceeding $70,000 or the product of $70,000 multiplied by the latest state equalization rate for the Town, whichever is the lesser amount.
This article repeals such other local law, resolution and ordinance of the Town establishing tax exemptions for veterans except as the same may be established pursuant to §§ 458 and 458-b of the Real Property Tax Law.