[Amended 7-10-2013 by L.L. No. 2-2013; 1-2-2019 by L.L. No. 1-2019]
A.
Qualifying residential real property qualifying for exemption under§ 485-a
of the Real Property Tax Law of the State of New York 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 the lesser
of $36,000 or the product of $36,000 multiplied by the latest state
equalization rate of the Village of Spencerport.
B.
In addition to the exemption provided by Subsection A of this section, where the veteran served in a combat theater or combat zone of operations, as documented by the award of a United States campaign ribbon or service 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 the lesser of $24,000 or the product of $24,000 multiplied by the latest state equalization rate of the Village of Spencerport.
C.
In addition to the exemptions provided by Subsections A and B of this section, where the veteran received a compensation rating from the United States Veterans' Administration because of a service-connected disability, qualifying residential real property shall be exempt from taxation to the extent of the product of the assessed value of such property multiplied by 50% of the veteran's disability rating; provided, however, that such exemption shall not exceed the lesser of $120,000 or the product of $120,000 multiplied by the latest state equalization rate of the Village of Spencerport.
[Amended 2-15-2017 by L.L. No 1-2017]
A.
The Board of Trustees of the Village of Spencerport hereby recognizes
that the total assessed value of the real property for which an exemption
has been granted pursuant to Subdivision 1 or 2 of § 458
of the Real Property Tax Law may be increased or decreased as a result
of a revaluation or update, and a material change in the level of
assessment will be certified for the assessment roll of the Town of
Ogden pursuant to the rules of the Commissioner.
B.
The Assessor is hereby directed to increase or decrease the amount
of the eligible funds veterans' exemption by multiplying the amount
of the exemption by the change in the level of assessment for the
Town of Ogden, as determined by and certified by the New York State
Office of Real Property Services pursuant to the rules of the Commissioner.
[Amended 7-10-2013 by L.L. No. 2-2013[1]]
A.
The basic
exemption of 10% of assessed value, not to exceed $8,000, is allowed.
B.
An additional
exemption is allowed for a service-connected disability equal to the
product of 50% of the service-connected disability rating times assessed
value, not to exceed $40,000.
C.
Exemption
amounts are multiplied by the latest state equalization rate.
D.
The exemption
authorized by this section shall apply to qualifying owners of qualifying
real property for as long as they remain qualifying owners. No other
time limitation shall apply to this exemption.
[Added 12-20-2017 by L.L.
No. 7-2017]
[1]
Editor’s Note: This local law also provided that it
would apply to assessment rolls prepared for use on the Village tax
bills used for the 2015-2016 tax year and thereafter.
