[Adopted 12-10-2009 by L.L. No. 17-2009]
A. 
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.
B. 
Maximum exemption.
(1) 
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.
(2) 
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.
(3) 
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.
C. 
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.
D. 
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.
A. 
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.
B. 
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.
C. 
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.