Village of Rouses Point, NY Article VII Cold War Veterans Exemption

[Adopted 9-6-2011 by L.L. No. 4-2011]

§ 104-21 Legislative authority; exemption granted.

In accordance with the provisions of § 458-b of the Real Property Tax Law of the State of New York, residential real property owned by veterans who rendered military service to the United States during the Cold War shall be exempt from Village taxation.

§ 104-22 Amount of exemption.

The maximum exemptions allowable from the Village of Rouses Point, County of Clinton, real property taxation, pursuant to § 458-b of the Real Property Tax Law, shall be 15% of the property's assessment, not to exceed $12,000 multiplied by the latest final state equalization rate for service during the Cold War and a percentage of the property's assessment equal to 1/2 of any service-connected disability rating, not to exceed $40,000 multiplied by the latest final state equalization rate.