[Amended at time of adoption of Code (see Ch. 1, General
Provisions, Art. I)]
The exemption is no longer available to new participants since
New York State’s adoption of the alternative veterans exemption
in 1985. Current participants are grandfathered and can switch to
the alternative veterans exemption if they choose.
[Added 2-23-2009 by L.L.
No. 1-2009; amended 3-13-2018 by L.L. No. 1-2018]
A. In accordance
with the provisions of § 458-b of the Real Property Tax Law of
the State of New York, real property owned by one or more persons,
each of whom is a Cold War veteran as defined by New York State Real
Property Tax Law § 458-b, shall be exempt from the Town taxation
to the extent of 15% of the assessed valuation.
B. This
section, in every case, shall conform to state law.