Chapter 525 of the Laws of 1984 amends the Real Property Tax Law to provide a uniform
real property tax exemption for veterans.
[Amended 2-4-1985 by L.L. No. 2-1985]
The Village of Warsaw hereby elects to adopt Chapter 525 of
the Laws of 1984 as follows:
A. A qualified veteran receives an exemption equal to 15% of the assessed
value, but not to exceed $6,000; or the product of $6,000 multiplied
by the latest state equalization rate for the assessing unit or, in
the special assessing units, the latest class ratio, whichever is
less.
B. In addition, 10% of assessed value for a qualifying veteran who has
served in a combat theater or combat zone of operations. This additional
exemption is not to exceed $4,000; or the product of $4,000 multiplied
by the latest state equalization rate for the assessing unit or, in
special assessing units, the latest class ratio, whichever is less.
C. In addition, an exemption based on the product of the assessed value
multiplied by 50% of the veteran's disability rating, where compensation
rating has been received from the Veteran's Administration for
a service-connected disability. This exemption shall not exceed $20,000
multiplied by the latest state equalization rate for the assessing
unit or, in special assessing units, the latest class ratio, whichever
is less.
[Added 9-17-2001 by L.L. No. 3-2001]
Pursuant to § 458-a(7) of the New York State Real Property Tax Law, The Village Board hereby amends Chapter
137, Article
III, to include a Gold Star Parent as a qualified veteran subject to the following limitations:
A. 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. The definition shall not apply to §
137-19 C of this article.