[Adopted 3-13-1998 by L.L. No. 2-1998]
A. The maximum exemption allowable to qualifying residential
real property exempt from taxation, under § 458-1 of the
New York Real Property Tax Law, to the extent of 15% of the assessed
value, shall be increased from $18,000 to $27,000.
B. The maximum allowable to veterans who served in a
combat theater or combat zone of operations, as documented by the
award of the United States Campaign Ribbon or Service Medal, under
§ 458-a of the New York Real Property Tax Law, is hereby
increased from $12,000 to $18,000.
C. The maximum exemption allowable, as an additional
exemption available to a veteran who has received a compensation rating
from a New York veterans organization or the United States Department
of Defense because of a service-connected disability, calculated as
the product of the assessed value multiplied by 50% of the veteran's
disability rating under § 458-a of the New York Real Property
Tax Law, is hereby increased from $60,000 to $90,000.
[Added 1-8-2009 by L.L. No. 1-2009]
A. Pursuant to Real Property Tax Law § 458-b,
qualifying residential real property shall be exempt from taxation
to the extent of 15% of the assessed value of such property; provided,
however, that such exemptions shall not exceed $12,000 or the product
of $12,000 multiplied by the latest uniform percentage of the value
established by the latest state equalization rate of the assessing
unit for the Village of Westhampton Beach, whichever is less.
B. In addition to the exemption provided by Subsection
A of this section, where the Cold War veteran received a compensation rating from the United States Veteran's 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 or the product of $40,000 multiplied by the latest uniform percentage of the value established by the latest state equalization rate for the assessing unit of the Village of Westhampton Beach, whichever is less.
C. If a Cold War veteran receives the exemption provided under §
161-19, the Cold War veteran shall not be eligible to receive the exemption under this section. The exemption provided by Subsection
A of this section shall be granted for the entire period of time that the veteran remains a qualifying owner of the real property.
[Amended 6-7-2018 by L.L.
No. 1-2018]
D. For purposes of this section, a Cold War veteran shall
be a person, male or female, who served on active duty for a period
of more than 365 days in the United States armed forces, during the
time period from September 2, 1945, to December 26, 1991, was discharged
or released therefrom under honorable conditions and has been awarded
the Cold War Recognition Certificate as authorized under Public Law
105-85, the 1998 National Defense Authorization Act.