[Adopted 2-28-2000 by L.L. No. 7-2000; amended in its entirety 4-3-2000 by L.L. No. 8-2000[1]]
[1]
Editor's Note: This local law provided that it shall apply to assessment rolls finalized in 2000.
Pursuant to the provisions of Subdivision 2(d) of § 458-a of the Real Property Tax Law of the State of New York, the veterans' exemption from real property taxes for the City of Beacon pursuant to § 458-a of the Real Property Tax Law is established as follows.
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 exemption shall not exceed the lesser of $15,000 or the product of $15,000 multiplied by the latest state equalization rate of the City of Beacon, New York.
In addition to the exemption provided by § 199-21 of this article, where the veteran served in a combat theater or combat zone of operations, as documented by the award of the United States campaign ribbon or service medal, qualifying residential real property also shall be exempt from taxation to the extent of 10% of the assessed value of such property; provided, however, that such exemption shall not exceed the lesser of $10,000 or the product of $10,000 multiplied by the latest state equalization rate of the City of Beacon, New York.
In addition to the exemptions provided by §§ 199-21 and 199-22 of this article, where the veteran received a compensation rating from the United States Veterans' Administration 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 veteran's disability rating; provided, however, that such exemption shall not exceed the lesser of $50,000 or the product of $50,000 multiplied by the latest state equalization rate of the City of Beacon, New York.