[Adopted 2-25-2008 by L.L. No. 1-2008]
As used in this article, the following terms
shall have the meanings indicated:
Full-time duty in the United States Armed Forces, other than
active duty for training.
The United States Army, Navy, Marine Corps., Air Force and
Coast Guard.
A person, male or female, who served on active duty in the
United States Armed Forces during the time period from September 2,
1945, to December 16, 1991, and was discharged or released therefrom
under honorable conditions.
The latest final equalization rate established by the state
board pursuant to Article 12 of the Real Property Tax Law.
A Cold War veteran, the spouse of a Cold War veteran or the
unremarried surviving spouse of a deceased Cold War veteran. Where
property is owned by more than one qualified owner, the exemption
to which each is entitled may be combined. Where a veteran is also
the unremarried surviving spouse of a veteran, such person may also
receive any exemption to which the deceased spouse was entitled.
Property owned by a qualified owner which is used exclusively
for residential purposes; provided, however, that in the event that
any portion of such property is not used exclusively for residential
purposes, but is used for other purposes, such portion shall be subject
to taxation and only the remaining portion used exclusively for residential
purposes shall be subject to the exemption provided by this article.
Such property shall be the primary residence of the Cold War veteran
or the unremarried surviving spouse of a Cold War veteran unless the
Cold War veteran or unremarried surviving spouse is absent from the
property due to medical reasons or institutionalization.
Fifteen percent of the assessed value of the real property
constituting the applicant's primary residence for Town purposes exclusive
of special assessments, which exemption shall not exceed $12,000 multiplied
by the latest equalization rate available for the Town.
A qualified owner shall be afforded a tax exemption
as herein defined, provided
A.
Such qualified owner resides in the Town of Monroe.
B.
The property upon which such qualified owner is seeking
this exemption is the primary residence of such qualified owner and
such property is used exclusively for residential purposes. To the
extent such property has uses other than residential, such exemption
shall apply only to the residential portion of such property.
C.
Such qualified owner files for such exemption with
the Towns Assessor's office on or before the taxable status date on
forms to be provided by the state board.
D.
If a qualified owner receives the exemption under
§ 458 or § 458-a of the Real Property Tax Law,
such qualified owner shall not be eligible to receive the exemption
under this section.
[Added 2-5-2018 by L.L.
No. 3-2018]
Notwithstanding the ten-year limitation imposed by Section 458-b(2)(c)(iii)
of the Real Property Tax Law, the exemption authorized by this article
shall apply to qualifying owners of qualifying real property for as
long as they remain qualifying owners, pursuant to Chapter 290, Section
1, of the Laws of 2017.
