City of Glens Falls, NY
Warren County
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Table of Contents
Table of Contents
[Adopted 2-13-2007 by L.L. No. 1-2007]
A. 
A "Gold Star Parent" is defined as a person who is the parent of a child who died in the line of duty while serving in the United States Armed Forces during a period of war.
B. 
A Gold Star Parent who is the owner of real property and said real property is their primary residence is hereby considered a "qualified owner" as said "qualified owner" as defined in § 458-a(1)(c) of the New York State Real Property Tax Law.
C. 
"Qualifying residential real property" is property owned by a qualified owner which is used exclusively for residential purposes; provided, however, that in the event any portion of such property is not so used exclusively for residential purposes but is used for other purposes, such portion shall be subject to taxation and the remaining portion only shall be entitled to the exemption provided by this section.
D. 
In accordance with the New York State Property Tax Law § 458-a, Subdivision 2(a), the exemption for qualified residential real property owned by a qualified owner is as follows:
(1) 
Qualifying residential real property shall be exempt from taxation to the extent of 15% of the assessed value of such property; provided, however, that such exemption shall not exceed $27,000 or the product of $27,000 multiplied by the latest state equalization rate for the assessing unit, or in the case of a special assessing unit, the latest class ratio, whichever is less.
(2) 
In addition to the exemption provided by Subsection D(1), above, where the child of the Gold Star Parent dies in a combat theater or combat zone of operations, as documented by the award of a United States campaign ribbon or service medal, or the Armed Forces Expeditionary Medal, Naval Expeditionary Medal, Marine Corps Expeditionary Medal or Global War on Terrorism Expeditionary Medal, qualifying residential real property also shall be exempt from taxation to the extent of 10% of the assessed value of such property; provided however that such exemption shall not exceed $18,000 multiplied by the latest state equalization rate for the assessing unit, or in the case of a special assessing unit, the class ratio, whichever is less.