Town of Schodack, NY
Rensselaer County
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Table of Contents
Table of Contents
[Adopted 4-11-1985 by L.L. No. 3-1985]
Pursuant to the provisions of § 458 of the New York State Real Property Tax Law as heretofore adopted and amended by the Legislature of the State of New York, the purpose of this article is to preserve the ratio which each veterans exemption from taxation on real property bears to the total assessed value of the real property for which such exemption has been granted whenever such total assessed value increases or decreases due only to a change in the manner of assessing.
The meanings of words and expressions as used in this article shall be identical to their meanings as used in §§ 307 and 458, as amended, of the Real Property Tax Law of the State of New York.
If the ratio between the exemption granted under § 458, Subdivision 1, of the Real Property Tax Law of the State of New York and the total assessed value of the real property for which such exemption has been granted increases or decreases due only to a change in the manner of assessing in the town, the amount of the exemption heretofore or hereafter granted shall be increased or decreased in such subsequent year in the same proportion as the total assessed value has been increased or decreased. Such adjustment shall be made by the Assessor in the manner provided in Paragraph 3 of Subdivision 1 of § 458 of the Real Property Tax Law of the State of New York, and no application therefor need be filed by or on behalf of any owner of any eligible property.
Insofar as the provisions of this article are inconsistent with the provisions of any other local law or act, the provisions of this article shall be controlling.
This article shall be entitled "A Local Law of the Town of Schodack, Rensselaer County, New York, to Provide for the Preservation of Veterans Exemptions in Connection with Taxation on Real Property in Respect to the Ratios Thereof in the Event of Change in the Manner of Assessing" and may be cited accordingly. This article may also be cited as a local law of the Town of Schodack, Rensselaer County, New York, by year and number of adoption by the Town Board of the Town of Schodack, Rensselaer County, New York.
[Added 4-10-1997 by L.L. No. 3-1997; amended 3-12-1998 by L.L. No. 2-1998; 3-22-2007 by L.L. No. 2-2007; 2-28-2019 by L.L. No. 1-2019]
A. 
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 $45,000 or the product of $45,000 multiplied by the latest state equalization rate for the respective assessing unit, or in the case of a special assessing unit, the latest class ratio, whichever is less.
B. 
In addition to the exemption provided in 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 extent of 10% of the assessed value of such property; provided, however, that such exemption shall not exceed $30,000 or the product of $30,000 multiplied by the latest state equalization rate for the respective assessing unit, or in the case of a special assessing unit, the latest class ratio, whichever is less.
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 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 veterans disability rating; provided, however, that such exemption shall not exceed $150,000 or the product of $150,000 multiplied by the latest state equalization rate for the respective assessing unit, or in the case of a special assessing unit, the latest class ratio, whichever is less. For the purpose of this section, where a person who served in the active military, naval or air service during a period of war died in service of a service-connected disability, such person shall be deemed to have been assigned a compensation rating of 100%.
[Added 11-13-2008 by L.L. No. 2-2008; amended 1-11-2018 by L.L. No. 1-2018]
Qualifying residential real property owned by a Cold War veteran 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 $8,000 multiplied by the latest state equalization rate of the Town, or in the case of a special assessing unit the latest class ratio, whichever is less. If a Cold War Veteran receives an exemption under § 458 or 458(a) of the Real Property Tax Law, the Cold War veteran shall not be entitled to receive the exemption under this title. Eligibility for such exemption shall be pursuant to the standards and definitions set forth in § 458-b 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, without regard to any ten-year limitation, pursuant to the authority provided in Chapter 290 of the Laws of 2017.
[Added 10-10-2013 by L.L. No. 1-2013]
Pursuant to § 458-a(7)(b), the Town of Schodack hereby includes a Gold Star Parent within the definition of "qualified owner" as provided in paragraph (a) of subdivision 1 of § 458-a of the Real Property Tax Law, and to include property owned by a Gold Star Parent within the definition of "qualifying residential real property," as provided in paragraph (d) of subdivision 1 of said section, provided that such property shall be the primary residence of a Gold Star Parent.