[Adopted 2-12-1996 by L.L. No. 2-1996 (Ch. 182, Art. III,
of the 1994 Code)]
Owners of real property who are eligible to receive a veterans
exemption pursuant to § 458 of the Real Property Tax Law
shall be eligible to apply for said exemption under Real Property
Tax Law § 458, Subdivision 5, Paragraph (a), or § 458,
Subdivision 5, Paragraph (b).
[Added 3-10-1997 by L.L. No. 1-1997; amended 2-27-2006 by L.L. No.
3-2006]
Owners of real property who are eligible to receive a veterans
exemption pursuant to § 458-a of the Real Property Tax Law
shall be eligible to apply for an exemption under Paragraph (a), (b)
or (c) of Subdivision 2 of § 458-a, which exemption shall
not exceed $36,000, $60,000 and $120,000, respectively.
[Added 12-29-2008 by L.L. No. 2-2008]
A.
Owners
of real property who are eligible to receive a veterans exemption
pursuant to § 458-b of the Real Property Tax Law shall be
eligible to apply for an exemption under Paragraph (a) or (b) of Subdivision
2 of § 458-b. Under Paragraph (a), such exemption shall
be equal to 10% of the qualified parcel's assessed value, but will
not exceed $8,000. Under Paragraph (b), such exemption shall be equal
to 1/2 of the disability rating multiplied by the assessed value,
but will not exceed $40,000.
B.
The ten-year
limitation on real property tax exemptions for Cold War veterans is
eliminated.
[Added 1-8-2018 by L.L.
No. 1-2018]
