[Adopted 11-1-2007 by L.L. No. 17-2007]
New York State Real Property Tax Law § 458-b
authorizes a partial exemption from real property taxes on qualifying
residential real property for Cold War veterans, as defined in the
Real Property Tax Law § 458-b.
The terms "Cold War veterans," "service connected,"
"qualified owner," "qualified residential real property," and "latest
state equalization rate," when referenced in this article shall have
the definition(s) ascribed to them in Real Property Tax Law § 458-b(1).
[Amended 11-16-2017 by L.L. No. 4-2017]
Pursuant to § 458-b, Subdivision 2(a)
of the Real Property Tax Law, the County of Sullivan is authorized
to adopt a local law establishing a partial exemption from the County
portion of real property taxes for Cold War veterans or qualified
owners who own qualified residential real property within Sullivan
County. It is the desire of the Sullivan County Legislature to provide
for such exemption on Sullivan County properties to reward Cold War
veterans for their valued service to our country. The real property
tax exemption granted by this section shall apply to qualifying owners
of qualifying real property for as long as they remain qualifying
owners, without regard to the ten-year limitation contained in Real
Property Tax Law § 458-b, Subdivision 2(c)(iii).
[Amended 11-16-2017 by L.L. No. 4-2017]
Pursuant to § 458-b, Subdivision 2(a)(ii)
of the Real Property Tax Law, the maximum exemption allowable from
Sullivan County real property taxes shall be 15% of the qualifying
residential real property assessment not to exceed $12,000 or the
product of $12,000 multiplied by the latest state equalization rate
of the assessing unit, whichever is less. The real property tax exemption
granted by this section shall apply to qualifying owners of qualifying
real property for as long as they remain qualifying owners, without
regard to the ten-year limitation contained in Real Property Tax Law § 458-b,
Subdivision 2(c)(iii).
Pursuant to § 458-b, Subdivision 2(b) of the Real Property Tax Law, there shall be an exemption in addition to the exemption provided in § 182-88 above for a Cold War veteran who received a compensation rating from the United States Veterans Affairs or from the United States Department of Defense because of a service-connected disability. This exemption shall be equal to the product of the assessed value of the qualifying residential real property multiplied by 50% of the Cold War veteran's disability rating; provided, however, that such exemption shall not exceed $40,000 or the product of $40,000 multiplied by the latest state equalization rate for the assessing unit, whichever is less.
If a Cold War veteran receives an exemption
pursuant to Real Property Tax Law § 458 or 458-a, the Cold
War veteran shall not be eligible to receive the exemption established
by this article.
