[Adopted 3-10-1998 by L.L. No. 3-1998]
[Added 8-12-2003 by L.L. No. 3-2003]
This article shall be known and may be cited
as the "Veterans Exemption Law of the Town of Gardiner, Ulster County,
New York."
The purpose of this article is to enact a maximum
exemption for veterans pursuant to § 458-a of the Real Property
Tax Law.
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 Gardiner.
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 $18,000 or the product of $18,000 multiplied by the latest state equalization rate for the Town of Gardiner.
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 Veteran's 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 multiplied by the latest state equalization rate for the Town of Gardiner.
