[Adopted 2-8-2006 by L.L. No. 1-2006]
Section 458-a of the Real Property Tax Law authorizes a partial
exemption from real property taxes on qualifying residential real
property owned by veterans, as defined in the Real Property Tax Law.
Subdivision 2(d)(ii) of § 458-a of the Real Property
Tax Law authorizes counties, cities, towns and villages to reduce
or increase the maximum exemption allowable by local law, and in regard
to the veterans who own residential real property within the Town
of Cochecton, it is the intention of the Cochecton Town Board to increase
the maximum exemption allowable on Town of Cochecton properties to
reward veterans for their valued service to our country.
This article is hereby enacted to provide that, notwithstanding
any of the statutory maximums set forth in Subdivision 2(a), (b) and
(c) of § 458-a of the Real Property Tax Law, pursuant to
the authority contained in Subdivision 2(d) of § 458-a of
the Real Property Tax Law, the maximum exemption allowable for the
veterans real property tax exemptions under Subdivision 2(a), (b),
and (c) in the Town of Cochecton shall be increased from the statutory
maximum to $27,000, $18,000 and $90,000, respectively.
