[Added 8-18-2008 by L.L.
No. 1-2008]
The definitions of the terms contained in this article are the
same as those terms are defined and set forth in § 458-b,
Subdivisions 1(a) through (h) of the New York State Real Property
Tax Law.
Pursuant to § 458-b of the New York State Real Property
Law, as amended, qualifying residential property, as defined in that
state statute, that is located in the Incorporated Village of Valley
Stream and owned by an eligible Cold War veteran shall be exempt from
taxation by the Village to the maximum extent permitted, and subject
to all of the terms and conditions that are provided in the aforementioned
state statute.
A.
Application for such exemption shall be made by the sole owner, or
all of the co-owners, of the qualifying residential property on forms
prescribed by the state, to be furnished by the Village Assessor,
and the applicant or applicants shall furnish the information and
execute the application in the manner required or prescribed in such
forms in the Village Assessor's office on or before the applicable
tax status date.
B.
Applicants shall be required to refile on or before the applicable
taxable status date if the percentage of disability percentage increases
or decreases or may refile if other changes have occurred which affect
the qualification for an increased or decreased amount of exemption.
This article shall take effect immediately upon filing with
the Secretary of the State of New York.
