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Town of Kingsbury, NY
Washington County
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[Adopted 4-14-2008 by L.L. No. 3-2008[1] (Ch. 72, Art. VII, of the 1983 Code)]
[1]
Editor's Note: This local law provided that it shall apply to assessment rolls on the basis of taxable status dates occurring on or after March 1, 2009, and each year thereafter.
This Board hereby finds and determines that it has been the Town's longstanding policy to offer to its veterans the broadest property tax exemption permitted by the laws of New York State. Therefore, the purpose of this article is to provide the maximum benefit permissible to the Town's Cold War veterans.
As used in this article, the following terms shall have the meanings indicated. As used in this article:
ACTIVE DUTY
The meaning set forth in Real Property Tax Law § 458-b(1)(c).
ARMED FORCES
The meaning set forth in Real Property Tax Law § 458-b(1)(b).
COLD WAR VETERAN
The meaning set forth in Real Property Tax Law § 458-b(1)(a).
LATEST CLASS RATIO
The meaning set forth in Real Property Tax Law § 458-b(1)(h).
LATEST STATE EQUALIZATION RATE
The latest final equalization rate established by the state board pursuant to Article 12 of the Real Property Tax Law.
QUALIFIED OWNER
The meaning set forth in Real Property Tax Law § 458-b(1)(e).
QUALIFIED RESIDENTIAL REAL PROPERTY
The meaning set forth in Real Property Tax Law § 458-b(1)(f).
SERVICE CONNECTED
The meaning set forth in Real Property Tax Law § 458-b(1)(d).
Pursuant to Subdivision (2)(a) of § 458-b of the Real Property Tax Law, an exemption from real property taxes shall be available to qualified owners of qualified residential real property in the Town. Said Cold War veterans' exemption shall be computed as follows:
A. 
Qualifying residential real property shall be exempt from taxation to the extent of 10% of the assessed value of such property; provided, however, that such exemption shall not exceed $8,000 or the product of $8,000 multiplied by the latest state equalization rate of the assessing unit, or, in the case of a special assessing unit, the latest class ratio, whichever is less.
B. 
In addition to the exemption provided by Subsection A, where the Cold War veteran received a compensation rating from the United States 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 for the assessing unit, or, in the case of a special assessing unit, the latest class ratio, whichever is less.
C. 
Limitations. The exemption provided in this article shall apply to qualifying owners of qualifying real property for as long as they remain qualifying owners, without regard to the ten-year limitation set forth in New York State Real Property Tax Law § 458-b.
[Amended 11-20-2017 by L.L. No. 3-2017]
Application for exemption shall be made by the owner, or all of the owners, of the property on a form prescribed by the state board. The owner or owners shall file the completed form in the assessor's office on or before the first appropriate taxable status date. Any applicant convicted of willfully making any false statement in the application for such exemption shall be subject to the penalties prescribed in the Penal Law.
The making of any written willful false statement in the application for an exemption under this article shall be a Class A misdemeanor pursuant to Penal Law § 210.45 and punishable by a fine in an amount not to exceed $1,000 in accordance with Penal Law § 80.05. Such a violation of this article shall also disqualify the applicant from further exemption for a period of one year.