This article shall be known as the "Veterans Proportional Exemption
Law of the Village of Liverpool, Town of Salina."
The purpose of this article is to preserve the ratio which each
veterans exemption from taxation on real property bears to the total
assessed value of the real property for which such exemption has been
granted whenever such total assessed value increases or decreases
due only to a change in the manner of assessing.
The meanings of words and expressions as used in this article
shall be identical to their meanings as used in § 458, as
amended, of the Real Property Tax Law of the State of New York.