This article is adopted pursuant to Real Property Tax Law § 458-b
for the purpose of providing a partial exemption from Town of Highland
real property tax to Cold War veterans and qualified owners of qualified
residential real property in the Town of Highland.
The terms "Cold War veteran," "armed force," "active duty,"
"service connected," "qualified owner," "qualified residential real
property," "latest state equalization rate" and "latest class ratio"
as used in this article or as used in the application of this article
shall have the same meanings ascribed to such terms in Real Property
Tax Law § 458-b(1).
The exemption from taxing provided by this article shall be
subject to the limitations set forth in Real Property Tax Law § 458-b(2)(c)(ii)
and (iv).
Application for the exemption from taxation provided by this
article shall be made in conformance with the requirements of Real
Property Tax Law § 458-b(4).