This article is adopted pursuant to the provisions of § 458-b
of the Real Property Tax Law and the Municipal Home Rule Law of the
State of New York.
This article shall be known as "A Local Law Extending Property
Tax Exemption for Veterans."
It is the intent of this article to provide an exemption of
real property tax for Cold War Veterans pursuant to New York State
Real Property Tax Law § 458-b, allowing the exemption of
15% of the assessed value of the property owned by such qualified
veteran which exemption shall not exceed $12,000, and in addition
to provide a disability exemption to the multiple of 50% of the disability
rating, not to exceed $40,000.
The exemption authorized by this article shall apply to qualifying
owners of qualifying real property for as long as they remain qualifying
owners, without regard to the ten-year limitation set forth in Real
Property Tax Law 458-b.
If any part or section of this article shall be held to be invalid,
the remaining provisions thereof shall not fail but shall remain in
full force and effect.