[HISTORY: Adopted by the Board of Trustees of the Village of Oxford:
Art. II, 2-21-1985 as L.L. No. 1-1985.
Amendments noted where applicable.]
GENERAL REFERENCES
Assessment — See Ch. 5.
[Pursuant to a resolution adopted 10-6-1987, after
a public hearing, the Village of Oxford accepted the Chenango County sliding
scale for senior citizens tax exemptions. The sliding scale is on file in
the office of the Village Clerk and in the office of the County Clerk.]
[Adopted 2-21-1985 as L.L. No. 1-1985]
The purpose of this Article is to reduce the maximum veterans exemption
allowable pursuant to § 458-a of the Real Property Tax Law of the
State of New York.
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 real property shall be exempt
from taxation to the extent of fifteen percent (15%) of the assessed value
of such property; provided, however, that such exemption shall not exceed
the lesser of six thousand dollars ($6,000.) or the product of six thousand
dollars ($6,000.) multiplied by the latest state equalization rate for the
Village of Oxford.
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 ten percent (10%) of the assessed value of such property; provided, however, that such exemption shall not exceed the lesser of four thousand dollars ($4,000.) or the product of four thousand dollars ($4,000.) multiplied by the latest state equalization rate of the Village of Oxford.
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 fifty percent (50%) of the veteran's disability rating; provided, however, that such exemption shall not exceed the lesser of twenty thousand dollars ($20,000.) or the product of twenty thousand dollars ($20,000.) multiplied by the latest state equalization rate for the Village of Oxford.
