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Village of Massena, NY
St. Lawrence County
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[Adopted 3-20-2018 by L.L. No. 5-2018]
This article shall implement the provisions of New York Real Property Tax Law § 458-b, to provide a Cold War veteran real property tax exemption for qualified owners of qualified residential property in the Village of Massena.
The terms "cold war veteran," "qualified owner," and "qualified residential real property" shall have the definitions set forth at New York Real Property Tax Law § 458-b. All other definitions set forth at New York Real Property Tax Law § 458-b shall be applicable to the interpretation and implementation of the Cold War veteran real property tax exemption in the Village of Massena.
A. 
Qualifying residential real property shall be exempt from real property taxation in the Village of Massena to the extent of 15% of the assessed value of such property; provided however, that such exemption shall not exceed $12,000, or the product of $12,000 multiplied by the latest state equalization rate for the Village of Massena, whichever is less.
B. 
In addition to the exemption provided by Subsection A of this section, where a Cold War veteran has received a compensation rating from the United States Veterans Affairs or from the United States Department of Defense because of a service-connected disability, qualifying residential real property shall be exempt from real property taxation in the Village of Massena to the extent of the product of the assessed value of such property, multiplied by 50% of the Cold War veteran disability rating; provided, however, that such exemption shall not exceed $40,000, or the product of $40,000 multiplied by the latest state equalization rate for the Village of Massena, whichever is less.
C. 
The Cold War veteran exemption from real property taxation in the Village of Massena shall be granted to qualifying owners of qualifying property permanently as long as they remain qualifying owners.
D. 
If a qualified owner of qualified residential real property receives an exemption from real property taxation in the Village of Massena pursuant to Real Property Tax Law § 458 or § 458-a, said owner shall not be eligible to receive the Cold War veteran exemption.
This article shall take effect immediately upon filing with the Secretary of State.