[Adopted 11-7-2006 by L.L. No. 2-2006[1]]
[1]
Editor's Note: This local law repealed former
Art. III, Alternative Veterans' Exemption, adopted 1-18-2000 by L.L.
No. 1-2000.
Local Law No. 1 of 2000 limited the real property
exemptions afforded pursuant to NYS Real Property Tax Law, § 458-a.
It is the intention of this Common Council, by passage of this newly
adopted article, to provide that the exemptions under § 458-a
of the New York State Real Property Tax Law be afforded to eligible
persons for purposes of taxes levied by the City of Oneonta.
Pursuant to New York State Real Property Tax
Law, § 458-a, Subdivision (4), this article is adopted to
repeal Local Law No. 1 of 2000, which limited eligible veterans the
exemptions afforded under § 458-a of the New York State
Real Property Tax Law.
All persons entitled to the real property tax
exemptions afforded under §§ 458 and 458-a of the Real
Property Tax Law of the State of New York shall be entitled to elect
such exemptions for the City of Oneonta real property taxes, commencing
with the 2007 assessment rolls.
Pursuant to New York State Real Property Tax
Law, § 458-a, Subdivision (2)(d), the following statutory
valuation limits shall be established at $18,000 for wartime veterans;
$30,000 for combat veterans; and 50% of a service-connected disability
rating not to exceed $60,000 for VA disabled veterans.
