[Adopted 12-10-2014 by L.L. No. 3-2015]
Subject to and in accordance with the provisions of § 458-a of the New York State Real Property Tax Law, the Village of Kinderhook herein grants veterans exemptions to the extent provided herein.
A. 
Qualifying residential real property shall be exempt from taxation to the extent of 15% of the assessed value of such property; provided, however, that such exemption shall not exceed $24,000 or the product of $24,000 multiplied by the latest state equalization rate for the respective assessing unit or, in the case of a special assessing unit, the latest class ratio, whichever is less.
B. 
In addition to the exemption provided in Subsection A of this section, where the veteran served in a combat theater or combat zone of operations, as documented by the award of a United States campaign ribbon or service medal, or the Armed Forces Expeditionary Medal, Navy Expeditionary Medal, Marine Corps Expeditionary Medal, or Global War on Terrorism Expeditionary Medal, qualifying residential real property also shall be exempt from taxation to the extent of 10% of the assessed value of such property; provided, however, that such exemption shall not exceed $16,000 or the product of $16,000 multiplied by the latest state equalization rate for the assessing unit or, in the case of a special assessing unit, the class ratio, whichever is less.
C. 
In addition to the exemptions provided by Subsections A and B of this section, where the veteran received a compensation rating from the United States Veterans' Administration or from the United States Department of Defense because of a service-connected disability, qualifying residential real property shall be exempt from taxation to the extent of the product of the assessed value of such property multiplied by 50% of the veteran's disability rating; provided, however, that such exemption shall not exceed $80,000 or the product of $80,000 multiplied by the latest state equalization rate for the assessing unit or, in the case of a special assessing unit, the latest class ratio, whichever is less. For purposes of this subsection, where a person who served in the active military, naval or air service during a period of war died in service of a service-connected disability, such person shall be deemed to have been assigned a compensation rating of 100%.
D. 
Subject to Real Property Tax Law § 458-a(7)(b), the Village of Kinderhook hereby includes a Gold Star Parent within the definition of "qualified owner" as provided in of Subdivision 1(c) of § 458-a of the Real Property Tax Law and to include property owned by a Gold Star Parent within the definition of "qualifying residential real property," as provided in of Subdivision 1(d) of said section, provided that such property shall be the primary residence of a Gold Star Parent. A "Gold Star Parent" shall mean the parent of a child who died in the line of duty while serving in the United States Armed Forces during a period of war as defined by the Real Property Tax Law.