As used in this article, the following terms shall have the
meanings indicated:
LIFETIME TAX EXEMPTION
The tax exemption referred to herein, provided to a person
who has been an enrolled member of an incorporated volunteer fire
company, fire department, or incorporated voluntary ambulance service
with active service for 20 years prior to submitting an application
for such tax exemption and who has obtained a certificate from such
organization certifying to membership and active service, which tax
exemption shall be provided to such member for the remainder of such
member's life as long as such member's primary residence
is located in the Village of Walden.
QUALIFIED MEMBER
An individual who has been an enrolled member of an incorporated
volunteer fire company, fire department, or incorporated voluntary
ambulance service for five years prior to submitting an application
for tax exemption and has obtained a certificate from such organization
certifying to such membership.
TAX EXEMPTION
Ten percent of the assessed value of the real property constituting
the applicant's primary residence for Village purposes, exclusive
of special assessments, which exemption shall not exceed $3,000 multiplied
by the latest equalization rate available for the Village.
A qualified member of an incorporated volunteer fire company,
fire department, or incorporated voluntary ambulance service shall
be afforded a tax exemption as herein defined, provided that:
A. Such qualified member resides in the Village of Walden.
B. The property upon which such qualified member is seeking this exemption
is the primary residence of such qualified member and such property
is used exclusively for residential purposes. To the extent such property
has uses other than residential, such exemption shall apply only to
the residential portion of such property.
C. Such qualified member files the aforesaid certificate annually with
the Town Assessor's office on or before the taxable status date
on forms to be provided by the State Board.