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Town of Stillwater, NY
Saratoga County
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[Adopted 11-20-2007 by L.L. No. 4-2007; amended in its entirety 12-7-2017 by L.L. No. 3-2017]
New York State authorizes counties, towns and villages to make available a partial real property tax exemption to qualified veterans of the Cold War. The Town Board of the Town of Stillwater has determined that it is appropriate to make this exemption available to qualified veterans of the Cold War in recognition of their service to our country, and to extend the time period that the exemption is applicable.
A. 
The Town of Stillwater adopted the partial exemption from real property taxation for owner-occupied real property owned by qualified veterans of the Cold War authorized by § 458-b of the New York State Real Property Tax Law by Local Law No. 4 of 2007 on November 20, 2007.
B. 
Subject to the provisions of § 183-10 of this article, this exemption shall be administered in accordance with the definitions and procedures of § 458-b of the Real Property Tax Law, as originally enacted by chapter 655 of the Laws of 2007, and any applicable amendments enacted thereafter, including but not limited to Chapter 290 of the Law of 2017.
A. 
Subject to the maximum specified in Subsection B of this section, the qualified Cold War veteran shall be entitled to a reduction of 10% of the assessed value of his or her residence.
B. 
Notwithstanding Subsection A of this section, an exemption granted pursuant to this article shall not exceed the product of $8,000 multiplied by the latest state equalization rate.
C. 
In addition to the exemption provided by Subsections A and B of this section, where the Cold War veteran received a compensation rating from the United States Veterans Affairs or from the United States Department of Defense 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 Cold War veteran disability rating; provided, however, that such exemption shall not exceed $40,000, or the product of $40,000 multiplied by the latest state equalization rate for the assessing unit.
Pursuant to the authority contained in Chapter 290 of the Law of 2017 adopted by the State of New York on September 12, 2017, as an amendment to RPTL § 458-b, the Town hereby extends the above partial tax exemptions to qualifying owners of qualifying real property for so long as they remain qualifying owners of qualifying real property without regard to the ten-year limitation contained in RPTL § 458-b(2)(c)(iii).