[Adopted 10-7-2008 by L.L. No. 5-2008]
As used in this article, the following terms
and phrases shall have the following meanings:
Full-time duty in the United States Armed Forces, other than
active duty for training.
The United States Army, Navy, Marine Corps, Air Force, and
Coast Guard.
COLD WAR VETERAN
A person, male or female, who served on active duty in the
United States armed forces, during the time period from September
2, 1945, to December 26, 1991, and was discharged or released therefrom
under honorable conditions.
The latest final class ratio established by the State Board
pursuant to Title One of Article 12 of the New York Real Property
Law for use in a special assessing unit as defined in § 1801
of the New York Real Property Tax Law.
The latest final equalization rate established by the State
Board pursuant to Article 12 of the New York Real Property Tax Law.
A Cold War veteran, the spouse of a Cold War veteran, or
the unremarried surviving spouse of a deceased Cold War veteran. Where
property is owned by more than one qualified owner, the exemption
to which each is entitled may be combined. Where a veteran is also
the unremarried surviving spouse of a veteran, such person may also
receive any exemption to which the deceased spouse was entitled.
Property owned by a qualified owner which is used exclusively
for residential purposes; provided, however, that in the event that
any portion of such property is not used exclusively for residential
purposes, but is used for other purposes, such portion shall be subject
to taxation and only the remaining portion used exclusively for residential
purposes shall be subject to the exemption provided by this section.
Such property shall be the primary residence of the Cold War veteran
or the unremarried surviving spouse of a Cold War veteran, unless
the Cold War veteran or unremarried surviving spouse is absent from
the property due to medical reasons or institutionalization.
With respect to disability or death, that such disability
was incurred or aggravated, or that the death resulted from a disability
incurred or aggravated, in the line of duty on active military, naval
or air service.
The purpose of this article is to grant a partial
exemption from real property taxation to the extent of 15% of the
assessed value up to $12,000 of assessed value of qualified residential
real property which is owned by a Cold War veteran who is a qualified
owner, or in the case of a Cold War veteran who is a qualified owner
and received a compensation rating from the United States Veterans
Administration or from the United States Department of Defense because
of a service-related disability, to the extent of the product of the
assessed value of such qualified residential real property multiplied
by 50% of the Cold War veteran's disability rating up to an assessed
valuation of $40,000 of assessed value, in accordance with the requirements
of § 458-b of the Real Property Tax Law.
Qualified residential real property owned by
qualified owners who are Cold War veterans shall be exempt from Town
of Ballston real property taxes to the extent as follows:
A.
To the extent of 15% of the assessed value of such
qualified residential real property; provided, however, that such
exemption shall not exceed $12,000 or the product of $12,000 multiplied
by the latest state equalization rate of the assessing unit, whichever
is less;
B.
In addition to the exemption provided by Subsection A of this section, where the Cold War veteran received a compensation rating from the United States Veterans Administration or from the United States Department of Defense because of a service-related disability; provided, however, that such exemption shall not exceed $40,000 or the product of $40,000 multiplied by the latest state equalization rate, whichever is less.
If a Cold War veteran has a real property tax
exemption under § 458 or § 458-a of the Real Property
Tax Law, such veteran shall not be eligible to receive this exemption.
[1]
Editor's Note: Former § 110-27, Duration, was repealed
1-3-2018 by L.L. No. 1-2018,
An application for the exemption shall be made
by a qualified owner on a form prescribed by the State Board. The
owner shall file the completed form in the local assessor's office
on or before the appropriate taxable status date. A form filed in
the local assessor's office for the Saratoga County exemption shall
be considered as filed for the Town of Ballston exemption. The exemption
shall continue in full force and effect for all appropriate subsequent
tax years and the owner or owners of the property shall not be required
to refile each year. Applicants shall be required to refile on or
before the appropriate taxable status date if the percentage of disability
percentage increases or decreases or may refile if other changes have
occurred which affect qualification for an increased or decreased
amount of exemption. 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.
This article shall take effect July 1, 2009.
