[Adopted 11-12-1992 by L.L. No. 2-1992[1]]
[1]
Editor's Note: This local law repealed former Art. II, Alternative Veteran's Exemption, adopted 9-19-1984 by L.L. No. 3-1984.
The purpose of this Article is to repeal existing §§ 104-2 and 104-3 which provide that no exemption from real property taxes shall be granted pursuant to § 458-a of the Real Property Tax Law of the State of New York and to substitute in its place new §§ 104-2 and 1043 which do provide for exemptions from real property taxes pursuant to § 458-a of the Real Property Tax Law of the State of New York.
[Amended 12-21-2009 by L.L. No. 1-2009]
Pursuant to the provisions of Subdivision 2(d) of § 458-a of the Real Property Tax Law of the State of New York, the maximum veterans exemption from real property taxes allowable pursuant to § 458-a of the Real Property Tax Law is established as follows:
A. 
Qualifying residential 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 $15,000 or the product of $15,000 multiplied by the latest state equalization rate for the Village of Nassau.
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 $25,000 or the product of $25,000 multiplied by the latest state equalization rate for the Village of Nassau.
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 $20,000 or the product of $20,000 multiplied by the latest state equalization rate for the Village of Nassau.