[Adopted 2-26-1985; amended in its entirety 3-25-1997 by L.L. No.
3-1997]
The North Salem Town Board hereby resolves that
it does not intend to adopt a local law which will deny to the veterans
of this Town the exemptions allowed them pursuant to provisions of
Chapter 525, Laws of 1984,[1] and the exemptions as provided therein will be applied
to those eligible taxpayers of the Town of North Salem.
[1]
Editor's Note: See § 458 of the
Real Property Tax Law.
[Amended 3-23-1999 by L.L. No. 4-1999]
A.
The following set of exemptions which are the increased
maximums established by § 458-a of the Real Property Tax
Law shall be applicable to those eligible taxpayers in the Town of
North Salem:
[Amended 3-28-2006 by L.L. No. 2-2006]
(1)
War veterans: 15% of assessed value to a maximum of
$54,000, or the product of $54,000 multiplied by the latest state
equalization rate for the assessing unit.
(2)
Combat zone veterans: 10% of assessed value to a maximum
of $36,000, or the product of $36,000 multiplied by the latest state
equalization rate for the assessing unit.
(3)
Disabled veterans: 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 $180,000 or
the product of $180,000 multiplied by the latest state equalization
rate for the assessing unit.
B.
The maximum exemptions will fluctuate from year to
year as equalization rates change pursuant to the provisions of § 458-a
of the Real Property Tax Law, as amended.
