[L.L. No. 4-1976, §§ 1-4[1]]
(a)
Short title. This section shall hereafter be known and cited as the
"Tax Exemption Reduction Law."
(b)
Legislative intent. The purpose of this section is to provide for
the reduction of the percentum of the real property tax exemption
provided for in § 485-b (Chapter 278 of the Laws of 1976),
Subdivision 2(a), of the Real Property Tax Law.
(c)
Definitions. As used in this local law, unless otherwise expressly
stated, definitions shall be as set forth in § 485-b (Chapter
278 of the Laws of 1976) of the Real Property Tax Law.
(d)
Exemption reduced. The real property tax exemption percentage as
set forth in Subdivision 2(a) of § 285-b (Chapter 278 of
the Laws of 1976) of the Real Property Tax Law, pursuant to Subdivision
7 thereof, is hereby reduced to 0%.
[L.L. No. 8-1984, §§ 1, 2; L.L. No. 9-1986, § 2; L.L. No. 2-2023]
(a)
The purpose of this section is to reduce the maximum veterans' exemption
allowable pursuant to § 458-a of the Real Property Tax Law
of the State of New York.
(b)
The terms "qualifying residential real property," "veteran" and "service
connected," as used in this section, shall be as defined in § 458-a
of the Real Property Tax Law of the State of New York.
(c)
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:
(1)
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 $75,000 or the product
of $75,000 multiplied by the latest state equalization rate for the
Village of Tuckahoe, whichever is less.
(2)
In addition to the exemption provided by Subsection (c)(1) 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 $50,000 or the product of $50,000 multiplied by the latest
state equalization rate of the Village of Tuckahoe, whichever is less.
(3)
In addition to the exemptions provided by Subsections (c)(1)
and (2) of this section, where the veteran received a compensation
rating from the United States Veteran's Administration 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 veteran's disability rating; provided,
however, that such exemption shall not exceed $250,000 or the product
of $250,000 multiplied by the latest state equalization rate for the
Village of Tuckahoe, whichever is less.
[L.L. No. 10-1990, § 2]
(a)
Pursuant to the provisions of § 467 of the Real Property
Tax Law and as therein provided, the real property owned by one or
more persons, each of whom is 65 years of age or over, or real property
owned by husband and wife, one of whom is 65 years of age or over,
shall be exempt from taxation to the extent of the per centum of the
assessed valuation thereof and subject to the income requirements
as may be established by resolution of the Board of Trustees, after
public hearing, said resolution to be adopted in accordance with the
provisions and requirements of the aforementioned § 467.[1]
[1]
Editor's Note: The current resolution is on file in the office
of the Village Clerk.
(b)
Application for such exemption must be made by the owner or all of
the owners of the property, on forms prescribed by the New York State
Board of Equalization and Assessment to be furnished by the Village
Assessor and shall furnish the information and be executed in the
manner required or prescribed in such forms, and shall be filed with
such Assessor's office on or before the taxable status date.
(c)
Any conviction of having made any willful false statement in the
application for such exemption shall be punishable by a fine of not
more than $100 and shall disqualify the applicant or applicants from
further exemption for a period of five years.
