Legislative intent. The Village provides the alternative veterans
exemption as authorized by § 458-a of the New York State
Real Property Tax Law, Laws of the State of New York. Said exemption
grants a residential real property tax exemption to veterans who served
in active military, naval or air service during a period of war or
were the recipients of an armed forces expeditionary medal, navy expeditionary
medal, marine expeditionary medal or global war on terrorism expeditionary
medal (as said expeditionary medals are defined in § 458-a
of the New York State Real Property Tax Law), or any other category
of veteran as set forth in § 458-a(1)(e) of the New York
State Real Property Tax Law, their spouses and their unremarried surviving
spouses. The New York State Legislature recently amended the amount
of the maximum exemption for the alternative veterans exemption as
a local option. The purpose of this legislation is to incorporate
this increased maximum exemption into the Code of the Village.
The maximum exemption allowable to qualifying residential real property
exempt from taxation under § 458-a of the New York State
Real Property Tax Law to the extent of 15% of the assessed value shall
be increased to $54,000, subject to the increase in said amount by
the amendment of § 458-a as from time to time may occur.
The maximum exemption allowable to veterans who served in a combat
theatre or combat zone of operations, as documented by the award of
the United States Campaign Ribbon or Service Medal, under § 458-a
of the New York State Real Property Tax Law to the extent of 10% of
the assessed value is hereby increased to $36,000, subject to the
increase in said amount by the amendment of § 458-a as from
time to time may occur.
The maximum exemption allowable, as an additional exemption available
to a veteran who has received a compensation rating from the United
States Veterans' Administration or the United States Department of
Defense because of a service-connected disability, calculated as the
product of the assessed value multiplied by 50% of the veteran's disability
rating under § 458-a of the New York State Real Property
Tax Law, is hereby increased to $180,000, subject to the increase
in said amount by the amendment of § 458-a as from time
to time may occur.
Gold Star Parent. Pursuant to an amendment of § 458-a of
the New York State Real Property Tax Law, a Gold Star Parent, defined
as a parent of a child who died in the line of duty while serving
in the United States Armed Forces during a period of war, is hereby
eligible for the alternative veterans exemption set forth herein to
the maximum extent permitted by state law, subject to the increase
in said amount by the amendment of § 458-a as from time
to time may occur, provided that such property shall be the primary
residence of the Gold Star Parent.
Sale of property receiving exemption. Pursuant to an amendment of
§ 458-a of the New York State Real Property Tax Law, a veterans
exemption that has been applied to a Village of Westbury home sold
by a veteran will be prorated and automatically applied to a home
then purchased by said veteran within the Incorporated Village of
Westbury.
Legislative intent. The Village provides the eligible funds veterans
exemption as authorized by § 458 of the New York State Real
Property Tax Law, Laws of the State of New York. Said exemption grants
a residential real property tax exemption to veterans, as defined
in § 458 of the New York State Real Property Tax Law. The
purpose of this legislation is to incorporate the provisions of § 458
of the New York State Real Property Tax Law which relate to the revaluation
of all assessed properties within the Village at full market value.
Recomputation of exemption. Pursuant to the provisions of § 458(5)
of the New York State Real Property Tax Law, with regard to the veterans
real property tax exemption, if the total assessed value of the real
property for which such exemption has been granted increases or decreases
as the result of a revaluation or update of assessments, and a material
change in level of assessment is certified for the assessment roll
pursuant to the rules of the Office of Real Property Services, the
Village Assessor shall increase or decrease the amount of such exemption
by multiplying the amount of such exemption by the change in level
of assessment factor. If the Village Assessor receives the certification
after the completion, verification and filing of the final assessment
roll, the Board of Assessors shall certify the amount of exemption
as recomputed pursuant to this section to the local officers having
custody and control of the roll, and such local officers are hereby
directed and authorized to enter the recomputed exemption certified
by the assessor on the roll.
Eligibility to transfer from alternate veterans exemption back to
eligible funds exemption. Owners of property who previously received
an exemption pursuant to § 458 of the New York State Real
Property Tax Law but who opted instead to receive an exemption pursuant
to § 458-a of the New York State Real Property Tax Law may
again receive an exemption pursuant to § 458 of the New
York State Real Property Tax Law upon application by the owner within
one year of the adoption of this article.