[Adopted 3-28-1991 by L.L. No. 2-1991 as
Ch. 182 of the 1991 Code]
This article shall be known and may be cited
as the "Veterans Exemption Law of the City of Auburn, New York."
[Amended 3-3-2022 by L.L. No. 1-2022]
A.
Veteran:
"Veteran" shall mean an individual who has served in the United States
Armed Forces and related entities as defined in Real Property Tax
Law Sections 458-a and 458-b.
B.
Term:
Exemptions authorized by this section shall apply to qualifying owners
of qualifying real property for as long as they remain qualifying
owners.
[Amended 11-22-1994 by L.L. No. 3-1994]
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 City of Auburn.
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, 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 $8,000 or the product of $8,000 multiplied by the latest state equalization rate for the City of Auburn.
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 $40,000 or the product of $40,000 multiplied by the latest state equalization rate for the City of Auburn.
