[Adopted 11-28-2007 by L.L. No. 3-2007]
This article shall be entitled "Cold War Veterans
Exemption Law of the Town of Perinton."
This article is enacted pursuant to the provisions
of § 458-b of the Real Property Tax Law of the State of
New York, as the same may be amended from time to time.
All applicable provisions of § 458-b
of the Real Property Tax Law of New York State, including all subdivisions,
together with any and all appropriate amendments thereto, are hereby
approved and adopted as and for law and procedures of the Town of
Perinton, except where provisions of this article or any other local
law or ordinance of the Town of Perinton shall prescribe differently.
In such event, compliance with the provisions of such local law or
ordinance shall constitute proper compliance with this article.
[Amended 10-9-2019 by L.L. No. 8-2019]
A.
Qualifying
residential real property shall be exempt from taxation by the Town
of Perinton to the extent of 10% of the assessed value of such property;
provided, however, that such exemption shall not exceed $8,000. In
addition, where the Cold War veteran received a compensation rating
from the United States Veterans Affairs or from the United States
Department of Defense because of a service-connected disability, qualifying
residential real property shall be exempt from taxation to the extent
of the product of the assessed value of such property, multiplied
by 50% of the Cold War veteran disability rating; provided, however,
that such exemption shall not exceed $40,000.
B.
A qualifying
owner of qualifying real property shall retain the Cold War veteran
exemption as long as the owner and property qualify for the exemption.
The Town Board may, from time to time, amend,
supplement, change, modify or repeal this article pursuant to the
provisions of the Town Law, the General Municipal Law and the Real
Property Tax Law of New York State applicable thereto.
This article shall become effective immediately
upon completion of filing with the Secretary of State and shall apply
to assessment rolls prepared on the basis of taxable status dates
occurring on or after January 1, 2008.
