[Adopted 4-9-2012 by L.L. No. 1-2012[1]]
[1]
Editor's Note: This local law also provided that it shall
apply to assessment rolls prepared on the basis of taxable status
dates occurring on or after 3-1-2012.
In accordance with Real Property Tax Law § 458-b,
qualifying residential real property owned by a Cold War veteran or
other qualified owner, as defined therein, shall be exempt from real
property taxation by the Town of Blooming Grove to the extent established
from time to time by the Town Board, upon compliance with the provisions
set forth in the Real Property Tax Law.
The maximum exemptions affecting real property taxation by the
Town of Blooming Grove shall, under this article, be 10% of the assessed
value of the qualifying real property, provided 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.
In addition to the exemption provided in § 216-15 of this chapter, where the Cold War veteran received a compensation rating from the United States Department of 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.
[Amended 2-20-2018 by L.L. No. 1-2018]
Notwithstanding the ten-year limitation imposed by § 458-b
(2) (c) (iii) of the Real Property Tax Law, the exemption authorized
by this article shall apply to qualifying owners of qualifying real
property for as long as they remain qualifying owners, pursuant to
Chapter 290, Section 1, of the Laws of 2017, as enacted by the State
of New York.
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 Town Assessor's
office on or before the first appropriate taxable status date. An
owner of the property shall not be required to refile each year unless
the percentage of disability changes. An owner may refile if other
changes have occurred which affect qualification for an increased
or decreased amount of exemption. Any such application shall be refiled
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 Town Board may, from time to time, by resolution, amend the maximum exemptions provided in § 216-15, provided such amended maximum exemption is consistent with Real Property Tax Law § 458-b or successor statute.
