[Adopted 3-25-1998 by L.L. No. 1-1998 [1]]
[1]
Editor's Note: This local law repealed the
former alternative veterans exemption established 2-12-1997 by L.L.
No. 1-1997.
The purpose of this article is to repeal Local
Law 1997-1 and increase the maximum veterans exemption allowable pursuant
to § 458-a of the Real Property Tax Law of the State of
New York.
[Amended 2-22-2006 by L.L. No. 1-2006; 2-10-2016 by L.L. No. 2-2016]
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 15% of the assessed value of such property; provided,
however, that such exemption shall not exceed the lesser of $45,000
or the product of $45,000 multiplied by the latest state equalization
rate for the Town of Manlius.
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 estate 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 the lesser of $30,000 or the product of $30,000 multiplied by the latest state equalization rate for the Town of Manlius.
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 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 the lesser of $150,000 or the product of $150,000 multiplied by the latest state equalization rate for the Town of Manlius. For purposes of this subsection, 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%.
