[Adopted 4-10-1997 by L.L. No. 6-1997 (Ch. 185, Art. III, of the 1999 Code)]
This article shall be known as "L.L. No. 6-1997, entitled the Local Law To Increase Veterans Exemptions."
The purpose of the article is to increase the maximum exemption allowable under § 458-a, 2(a), (b) and (c), of the Real Property Tax Law of the State of New York as authorized pursuant to Chapter 477 of the 1996 Session Laws of the State of New York to offset reductions in the value of veterans exemptions due to inflation, appreciation of property values and other changes in New York Law.
The Town of Marilla hereby increases the amount of the maximum exemption allowable under § 458-a, Subdivision 2(a), (b) and (c), of the Real Property Tax Law of the State of New York from $12,000, $8,000 and $40,000, respectively, to $18,000, $12,000 and $60,000, respectively.