The Village provides the alternative veterans exemption as authorized
by § 458-a of the New York State Real Property Tax Law,
Laws of the State of New York. Said exemption grants a residential
real property tax exemption to veterans who served in active military,
naval or air service during a period of war or were the recipients
of an armed forces expeditionary medal, navy expeditionary medal,
marine expeditionary medal or global war on terrorism expeditionary
medal (as said expeditionary medals are defined in § 458-a
of the New York State Real Property Tax Law), or any other category
of veteran as set forth in § 458-a, Subdivision 1(e), of
the New York State Real Property Tax Law, their spouses and their
unremarried surviving spouses. The New York State Legislature recently
amended the amount of the maximum exemption for the alternative veterans
exemption as a local option. The purpose of this legislation is to
incorporate this increased maximum exemption into the Code of the
Village.
[Added 12-17-2008 by L.L. No. 4-2008]
A. Pursuant to § 458-b of the New York State Real Property
Tax Law, veterans who were on active duty (exclusive of training)
in the United States Armed Forces between September 2, 1945, and December
26, 1991, the "Cold War period," are eligible for a property tax exemption
as follows:
(1) Fifteen percent of the assessed value of the qualifying residential
real property, provided that such exemption shall not exceed $12,000
or the product of $12,000 multiplied by the latest state equalization
rate, whichever is less; and
(2) In addition to the exemption provided by Subsection
A(1) above, where the Cold War veteran received a compensation rating from the United States Department of Veterans' Affairs 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 Cold War veteran disability rating; provided, however, that such exemption shall not exceed $40,000 or the product of $40,000 multiplied by the latest state equalization rate, whichever is less.
B. If a Cold War veteran receives an exemption under either § 458
or 458-a of the New York State Real Property Tax Law, the Cold War
veteran shall not be eligible to receive an exemption under this section.
C. The exemption provided for in this section shall be granted for a
period of 10 years.
D. Application for exemption shall be made by the owner or all of the
owners of the property on or before the taxable status date of the
Incorporated Village of Mineola, which is January 1 of each year.