Pursuant to Real Property Tax Law § 458-b for certain Cold War veterans who otherwise meet the criteria for such exemption: Such an exemption would be applicable to general municipal taxes, but not to school taxes, special ad valorem levies or special assessments. In particular, the proposed exemption would read as follows: Section 458-b, Subdivision 2(a)(i) and (b), of the Real Property Tax Law is hereby adopted and enacted for Town of Binghamton taxes as levied in the Town of Binghamton wherein the maximum exemption allowable shall be $4,000 for the provisions of § 458-b(2)(a)(i) and $20,000 for the provisions of § 458-b2(b), all in accordance with the provisions of § 458-b2(c)(iii) of the Real Property Tax Law.
[Adopted 7-12-2016 by L.L. No. 2-2016]
[Amended 1-16-2018 by L.L. No. 1-2018]
Pursuant to the Real Property Tax Law, all owners of property in the Town of Binghamton who qualify for the above exemption must file an application with the Assessor on or before the statutory date. The expiration date herein in the Cold War veterans exemption is hereby excluded so that there is no end or expiration date for qualified persons to apply for said exemption.