[Adopted 2-1-2018 by L.L.
No. 2-2018]
As used in this article, the following terms shall have the
meanings indicated:
A person who is 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.
A Gold Star Parent who is the owner of real property and
said real property is their primary residence is hereby considered
a "qualified owner" as said "qualified owner" as defined in Section
458-a(1)(c) of the New York State Real Property Tax Law.
Property owned by a qualified owner which is used exclusively
for residential purposes; provided however, that in the event any
portion of such property is not so used exclusively for residential
purposes but is used for other purposes, such portion shall be subject
to taxation and the remaining portion only shall be entitled to the
exemption provided by this article.
In accordance with the New York State Property Tax Law Section
458-a, subdivision 2(a), the exemption for qualified residential real
property owned by a qualified owner is as follows:
A.Â
Qualifying residential real property shall be exempt from taxation
to the event 15% of the assessed value of such property; provided
however that such exemption shall not exceed $27,000 or the product
of $27,0000 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.
B.Â
In addition to the exemption provided by Subsection A above, where the child of the Gold Star Parent dies 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, Naval 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 $18,000 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.
