[Amended 2-28-2006 by L.L. No. 3-2006]
The maximum veterans exemption from real property
taxes allowable under the alternative veterans exemption within the
Town of Niskayuna, pursuant to Paragraphs (a), (b) and (c) of Subdivision
2 of § 458-a of the Real Property Tax Law, shall be $36,000,
$24,000 and $120,000, respectively.
[Added 11-27-2012 by L.L. No. 9-2012]
Where a veteran, the spouse of the veteran or unremarried surviving
spouse already receiving an exemption pursuant to this section sells
the property receiving the exemption and purchases property within
the same city, town or village, the assessor shall transfer and prorate,
for the remainder of the fiscal year, the exemption received. The
prorated exemption shall be based upon the date the veteran, the spouse
of the veteran or unremarried surviving spouse obtains title to the
new property and shall be calculated by multiplying the tax rate or
rates for each municipal corporation which levied taxes, or for which
taxes were levied, on the appropriate tax roll used for the fiscal
year or years during which the transfer occurred times the previously
granted exemption amount times the fraction of each fiscal year or
years remaining subsequent to the transfer of title. Nothing in this
section shall be construed to remove the requirement that any such
veteran, the spouse of the veteran or unremarried surviving spouse
transferring an exemption pursuant to this subdivision shall reapply
for the exemption authorized pursuant to this section on or before
the following taxable status date, in the event such veteran, the
spouse of the veteran or unremarried surviving spouse wishes to receive
the exemption in future fiscal years.