[Adopted 5-22-2003 by L.L. No. 4-2003[1]]
[1]
Editor's Note: This local law also repealed
former Art. IV, Alternative Veterans Exemption, adopted 12-19-1984
by L.L. No. 10-1984.
A.
Section 458-a of the Real Property Tax Law provides
a limited exemption from real property taxes for real property owned
by persons who rendered military service to the United States, provided
such property meets the requirements set forth in the law.
B.
Section 458-a of the Real Property Tax Law of the
State of New York additionally provides that a town may by local law
grant an alternative exemption from real property taxation for qualified,
residential real property owned by veterans of defined periods of
war, veterans who received expeditionary medals, or certain members
of their family, based on a percentage of assessed value.
C.
The Town of New Paltz finds and determines that it
is in the best interests of the community and especially in the best
interests of owners of real property who have rendered military service
to the United States of America to provide increased exemptions to
such veterans and to provide enhanced exemptions where the veteran
can document service in a combat theater or combat zone and where
a veteran has received a service connected disability rating from
the Veterans Administration or the Department of Defense, as those
terms are used in Real Property Tax Law § 458-a.
This local law is enacted pursuant to the authority
contained at Paragraph (d) of Subdivision 2 of § 458-a of
the Real Property Tax Law of the State of New York.
The maximum exemptions allowable pursuant to
Paragraphs (a), (b) and (c) of Subdivision 2 of § 458-a
of the Real Property Tax Law of the State of New York are increased
to $27,000, $18,000 and $90,000, respectively.
