[Adopted 2-12-2003 by L.L. No. 2-2003]
In accordance with the provisions of Subdivision 2(d)(ii) of
§ 458-a of the Real Property Tax Law, the exemption for
qualifying residential real property, as set forth in Subdivision
2(a) of § 458-a, shall not exceed $18,000.
In accordance with the provisions of Subdivision 2(d)(ii) of
§ 458-a of the Real Property Tax Law, the exemption where
a veteran has served in a combat theater or a combat zone of operations,
as set forth in Subdivision 2(b) of § 458-a of the Real
Property Tax Law, shall not exceed $12,000.
In accordance with the provisions of Subdivision 2(d)(ii) of
§ 458-a of the Real Property Tax Law, the exemption where
a veteran has received a compensation rating from the United States
Veterans Administration or from the United States Department of Defense,
as set forth in Subdivision 2(c) of § 458-a, shall not exceed
$60,000.
This article shall take effect for the 2003 tax update and thereafter.
