[Adopted 1-2-1985 by L.L. No. 1-1985;
amended in its entirety 4–28–2007 by L.L. No. 11-2007]
The purpose of this article is to adopt the
alternative veterans exemption pursuant to § 458-a of the
Real Property Tax Law of the State of New York and the exemption for
Cold War veterans allowable pursuant to § 458-b of the Real
Property Tax Law.
The alternative veterans exemption from real
property taxes provided for in § 458-a of the Real Property
Tax Law is hereby made applicable to real property within the Town
of Milan at the exemption levels provided for within Subsection 2(a),
(b) and (c) of § 458-a, as follows:
A.
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 $27,000 or the product of $27,000 multiplied by the latest state
equalization rate for the Town of Milan.
B.
In addition to the exemption provided by Subsection A of this section, where the veteran served in a combat theater or combat zone of operations, as documented by the award of a United States campaign ribbon or service medal, or the armed forces expeditionary medal, navy expeditionary medal, marine corps expeditionary medal, or global war on terrorism expeditionary 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 $45,000 or the product of $45,000 multiplied by the latest state equalization rate for the Town of Milan.
C.
In addition to the exemptions provided by Subsections A and B of this section, 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 $90,000 or the product of $90,000 multiplied by the latest state equalization rate for the Town of Milan.
Pursuant to the provisions of Subdivisions (2)(a)
and (2)(b) of § 458-b of the Real Property Tax Law of the
State of New York, the Cold War veterans exemption from real property
taxes allowable pursuant to § 458-b of the Real Property
Tax Law is established as follows:
A.
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 $12,000 or the product of $12,000 multiplied by the latest state
equalization rate for the Town of Milan.
B.
In addition to the exemptions provided by Subsection A of this section, 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's disability rating; provided, however, that such exemption shall not exceed the lesser of $40,000 or the product of $40,000 multiplied by the latest state equalization rate for the Town of Milan.
C.
If a Cold War veteran receives the exemption under
§ 458 or § 458-a of the Real Property Tax Law,
the Cold War veteran shall not be eligible to receive the exemption
under this section.
D.
The exemption authorized by this section shall apply to qualifying
owners of qualifying real property for as long as they remain qualifying
owners, without regard to any time limitation.
[Added 1-15-2018 by L.L.
No. 1-2018]
