The purpose of this article is to modify the maximum veterans exemption from real property taxes granted pursuant to § 458-a of the Real Property Tax Law of the State of New York.
[Amended 2-26-1998 by L.L. No. 1-1998; 1-19-2006 by L.L. No. 2-2006[1]]
Pursuant to the authority of Real Property Tax Law § 458-a, Subdivision 2, Subparagraph (d)(ii), the maximum allowable alternative veterans exemptions shall be:
A. 
For veterans pursuant to Real Property Tax Law § 458-a, Subdivision 2(a): $36,000.
B. 
For combat veterans pursuant to Real Property Tax Law § 458-a, Subdivision 2(b): $24,000.
C. 
For veterans with service-related disabilities pursuant to Real Property Tax Law § 458-a, Subdivision 2(c): $120,000.
[1]
Editor's Note: This local law also provided that it shall be applied commencing with the 2006 tax roll.
[Added 12-7-2000 by L.L. No. 12-2000[1]]
A. 
As used in this section, a "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. 
Gold Star Parents are hereby included within the definition of "qualified owner" as provided in § 458-a(1)(c) of the Real Property Tax Law, and to include property owned by a Gold Star Parent within the definition of "qualifying residential real property" as provided within § 458-a(1)(d) of the Real Property Tax Law, provided that such property shall be the primary residence of the Gold Star Parent.
[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 1-1-2001.
[Added 10-21-2010 by L.L. No. 9-2010]
Where a veteran already receiving an exemption pursuant to this section sells the property receiving the exemption and purchases another property that is also within the Town of Colonie, the Town Assessor shall transfer and prorate the exemption for the remainder of the fiscal year as set forth in Real Property Tax Law § 458-a, Subdivision 8. The prorated exemption shall be based upon the date the veteran obtains title to the new property. A veteran who wishes to receive the exemption in future fiscal years is still required to reapply for the exemption pursuant to this section on or before the following taxable status date.