[Adopted 2-13-2008 by L.L. No. 1-2008]
[Amended 11-8-2017 by L.L. No. 5-2017]
A.
In accordance
with the provisions of § 458-b of the Real Property Tax
Law of the State of New York, real property owned by one or more persons,
each of whom is a "Cold War Veteran" as defined by New York State
Real Property Tax Law § 458-b, shall be exempt from Town
taxation to the extent of 15% of the assessed valuation, except as
limited by § 458-b.
B.
Pursuant
to Subsection 2(c)iii of § 458-b of the New York State Real
Property Tax Law, the exemption authorized shall apply to qualifying
owners of qualifying real property for as long as they remain qualifying
owners, without regard to such ten-year limitation.
C.
This article
shall be applicable to the first taxable status date occurring on
or after the effective date of this article.
This article, in every case, shall conform to state law.
