[Adopted 5-28-1985 by L.L. No. 12-1985]
[Amended 3-11-2008 by L.L. No. 1-2008[1]]
A.
The City of Yonkers hereby elects to implement the provisions of
Subdivision 5 of § 458-a of the Real Property Tax Law which
provides a proportional increase or decrease in the amount of veterans
exemptions under § 458 of the Real Property Tax Law and
the total assessed value of the real property for which such exemption
has been granted increases or decreases due only to a full value assessment
within the City of Yonkers.
B.
The City of Yonkers hereby elects to implement all the provisions
of § 458-b of the Real Property Tax Law which provides a
real property tax exemption for Cold War veterans. 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 the product of $75,000 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. This exemption shall apply to any qualified owners of qualifying
residential real property for as long as they remain qualified owners.
[Amended 5-24-2016 by L.L. No. 2-2016; 6-12-2018 by L.L. No. 8-2018]
[1]
Editor's Note: This local law provided that it shall apply
to assessment rolls prepared on the basis of taxable status dates
occurring on and after 1-1-2008.
In the event that the City of Yonkers goes to full value assessment,
such adjustment in veterans exemptions shall be made by the Assessor
in the manner provided in Paragraph (3) of Subdivision 1 of § 458
of the Real Property Tax Law, and no application therefor need be
filed by or on behalf of any owner of any eligible property.
[Added 6-10-1997 by L.L. No. 5-1997; amended 11-7-2005 by L.L. No.
7-2005; 11-14-2006 by L.L. No. 2-2006; 2-25-2014 by L.L. No. 1-2014; 5-24-2016 by L.L. No. 2-2016[1]]
A.
Pursuant to the provisions of § 458-a of the Real Property
Tax Law, as amended, veterans who meet the requirements as therein
provided, shall be entitled to the maximum real property tax exemption,
as hereinafter set forth.
B.
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 the product of $75,000
multiplied by the latest state equalization rate for the assessing
unit.
C.
In addition to the exemption provided by Subsection B of this section, where the veteran served in a combat theatre or combat zone or 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 product of $50,000 multiplied by the latest state equalization rate for the assessing unit.
D.
In addition to the exemptions provided by Subsections B and C of this section, where the veteran received a compensation rating from the United States Veterans' Administration or from the United States Department of Defense 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 product of $250,000 multiplied by the latest state equalization rate for the assessing unit. For purposes of this subdivision, where a person who served in the active military, naval or air service during a period of war died in service of a service connected disability, such person shall be deemed to have been assigned a compensation rating of 100%. For Cold War Veterans, qualifying residential real property shall be exempt from taxation by the lesser of 50% of the disability rating multiplied by the assessed value or a maximum of $250,000, multiplied by the latest state equalization rate for the assessing unit.
E.
The exemption from taxation provided by this section shall be applicable
to the taxes levied by the City and shall include school taxes.
F.
Application for exemption must be made by the owner, or all of the
owners, of the property on a form prescribed by the State Board of
Real Property Services. The owner or owners shall file the completed
form in the Assessor's office on or before the appropriate taxable
status date. No further filing is required of an owner or owners who
have previously applied pursuant to the provisions of New York State
Real Property Tax Law § 458-a, Subdivision 3, with the exception
of individuals eligible for an exemption based upon a service-connected
disability not deemed permanent, who must reapply annually. Any applicant
convicted of making any willful false statement in the application
for such exemption shall be subject to the penalties prescribed in
the New York State Penal Law.
G.
The provisions of this section shall apply to any real property held
in trust solely for the benefit of a person or persons who would otherwise
be eligible for a real property tax exemption, pursuant to this chapter,
were such person or persons the owner or owners of such real property.
[1]
Editor's Note: This local law provided that it shall apply
to assessment rolls prepared on the basis of taxable status dates
occurring on and after 1-1-2016.
[Added 2-27-2001 by L.L. No. 5-2001]
A.
As used in this article, "Gold Star parent" shall mean 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 shall be a "qualified owner" within the meaning
of Paragraph (c) of Subdivision (1) of § 458-a of the Real
Property Tax Law.
C.
Property owned by a Gold Star parent shall be "qualifying residential real property" within the meaning of Paragraph (d) of Subdivision (1) of § 458-a of the Real Property Tax Law and shall be eligible for the exemptions described in Subsections A through C of § 15-136 of this article, provided that such property shall be the primary residence of the Gold Star parent.
