[HISTORY: Adopted by the Town Board of the
Town of Kingston as indicated in article histories. Amendments noted
where applicable.]
GENERAL REFERENCES
Assessments — See Ch. 8.
[Adopted 8-4-1986 by L.L. No. 1-1986]
The Town Board hereby adopts § 1262(d)
of the Tax Law of the State of New York and elects to be paid directly
the revenues from taxes imposed by cities under 1,000,000, counties
and school districts situated within the County of Ulster where said
amounts are not set aside for county purposes or educational purposes.
The Town shall provide that these monies shall
be applied first to reduce county taxes levied upon real property
situated within the Town with any balance remaining to be applied
to reduce general Town taxes levied upon real property in said Town,
or that said monies shall first be applied to reduce general Town
taxes levied upon real property within the Town with any balance remaining
to be used to reduce county taxes levied upon real property within
the Town, or that the amounts which would be so applied to reduce
the county taxes and general Town taxes levied upon real property
in such Town shall be used for any Town purpose, or any combination
thereof, the discretion of which shall remain with the Town Board.
[Adopted 1-3-2018 by L.L. No. 2-2018]
A.
Section 458-b of the Real Property Tax Law authorizes a limited exemption
from real property taxes for residential real property owned by veterans
who rendered service to the United States during the "Cold War."
B.
Section 458-b of the Real Property Tax Law authorizes municipalities
to establish maximum exemption amounts.
C.
In regard to "Cold War" veterans who own residential property within
Ulster County, it is the desire of the Town of Kingston Town Board
to authorize the "Cold War" veterans' exemption and establish
maximum amounts.
In accordance with the provisions of § 458-b of the
Real Property Tax Law of the State of New York, residential real property
owned by veterans who rendered military service to the United States
during the "Cold War" shall be exempt from a portion of Town taxes.
The maximum exemptions allowable from the Town of Kingston real
property taxation pursuant to § 458-b of Real Property Tax
Law shall be 15% of the property's assessment, not to exceed
$12,000 multiplied by the latest final state equalization rate for
service during the "Cold War" and a percentage of the property's
assessment equal to 1/2 of any service connected disability rating
not to exceed $40,000 multiplied by the latest final state equalization
rate.
This article shall take effect immediately upon filing with
the Secretary of State.
