As used in this article, the following terms
shall have the meaning indicated:
LIFETIME TAX EXEMPTION
The tax exemption referred to herein provides to a person
who has been an enrolled member of an incorporated volunteer fire
company, fire department, or incorporated voluntary ambulance service
with active service for 20 years prior to submitting an application
for such tax exemption and has obtained a certificate from such organization
certifying to membership and active service; which tax exemption shall
be provided to such member for the remainder of such member's life
as long as such member's primary residence is located in the Village
of Monroe.
QUALIFIED MEMBERS
An individual who has been an enrolled member of an incorporated
volunteer fire company, fire department or incorporated voluntary
ambulance service for five years prior to submitting an application
for tax exemption and has obtained a certificate from such organization
certifying to such membership.
TAX EXEMPTION
Ten percent of the assessed value of the real property constituting
the applicant's primary residence for Village purposes, exclusive
of special assessments, which exemption shall not exceed $3,000 multiplied
by the latest equalization rate available.
A qualified member of an incorporated volunteer
fire company, fire department or incorporated voluntary ambulance
service shall be afforded a tax exemption as herein defined, provided
that:
A. Such qualified member resides in the Village of Monroe.
B. The property upon which such qualified member is seeking
this exemption is the primary residence of such qualified member and
such property is used exclusively for residential purposes. To the
extent such property has uses other than residential, such exemption
shall apply only to the residential portion of such property.
C. Such qualified member files the aforesaid certificate
annually with the Town Assessor's office on or before the taxable
status date on forms to be provided by the State Board.