The purpose of this article is to modify the
maximum veterans exemption from real property taxes granted pursuant
to § 458-a of the Real Property Tax Law of the State of
New York.
[Amended 2-26-1998 by L.L. No. 1-1998; 1-19-2006 by L.L. No. 2-2006]
Pursuant to the authority of Real Property Tax
Law § 458-a, Subdivision 2, Subparagraph (d)(ii), the maximum
allowable alternative veterans exemptions shall be:
A. For veterans pursuant to Real Property Tax Law § 458-a,
Subdivision 2(a): $36,000.
B. For combat veterans pursuant to Real Property Tax
Law § 458-a, Subdivision 2(b): $24,000.
C. For veterans with service-related disabilities pursuant
to Real Property Tax Law § 458-a, Subdivision 2(c): $120,000.
[Added 12-7-2000 by L.L. No. 12-2000]
A. As used in this section, 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.
B. Gold Star Parents are hereby included within the definition
of "qualified owner" as provided in § 458-a(1)(c) 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 within § 458-a(1)(d) of the Real Property Tax
Law, provided that such property shall be the primary residence of
the Gold Star Parent.
[Added 10-21-2010 by L.L. No. 9-2010]
Where a veteran already receiving an exemption pursuant to this
section sells the property receiving the exemption and purchases another
property that is also within the Town of Colonie, the Town Assessor
shall transfer and prorate the exemption for the remainder of the
fiscal year as set forth in Real Property Tax Law § 458-a,
Subdivision 8. The prorated exemption shall be based upon the date
the veteran obtains title to the new property. A veteran who wishes
to receive the exemption in future fiscal years is still required
to reapply for the exemption pursuant to this section on or before
the following taxable status date.