[Amended 12-19-2017 by L.L. No. 5-2017]
In accordance with the provisions of § 458-b of the
Real Property Tax Law of the State of New York, residential real property
owned by veterans who rendered military service to the United States
during the Cold War shall be exempt from County taxation. Pursuant
to Chapter 290 of the New York State Laws of 2017, it is intended
that this exemption shall remain in effect indefinitely or until such
time as it is revoked by local law or authorizing state legislation
requires modification.
[Amended 6-19-2012 by L.L. No. 3-2012; 6-21-2016 by L.L. No. 3-2016]
The maximum exemptions allowable from County real property taxation
pursuant to § 458-b of the Real Property Tax Law shall be
15% of the property's assessment, not to exceed $45,000 multiplied
by the latest final state equalization rate for service during the
Cold War and a percentage of the property's assessment equal to 1/2
of any service-connected disability rating, not to exceed $150,000
multiplied by the latest final state equalization rate.