The purpose of this article is to preserve the ratio which each
veterans exemption from taxation on real property bears to the total
assessed value of the real property for which such exemption has been
granted whenever such total assessed value increases or decreases
due only to a change in the manner of assessing.
The meanings of words and expressions as used in this article
shall be identical to their meanings as used in §§ 307
and 458, as amended, of the Real Property Tax Law of the State of
New York.
If any part of this article shall be found invalid, such invalidity
shall apply only to such part, and the remainder of this article shall
remain valid and effective.
All local laws or ordinances or parts of local laws or ordinances
in conflict with any part of this article are hereby repealed.
This article shall take effect immediately.