[Adopted 2-11-2009 by L.L. No. 2-2009[1]]
[1]
Editor's Note: This local law also superseded
former Art. VIII, Cold War Veterans Tax Exemption, adopted 10-16-2008
by L.L. No. 6-2008.
The purpose of this article is to adopt a real
property tax exemption in the Town of Chester for Cold War veterans
authorized by Real Property Tax Law § 458-b.
[Added 3-15-2018 by L.L.
No. 3-2018[1]]
As used in this article, the following terms shall have the
meanings indicated:
Full-time duty in the United States Armed Forces, or other
active duty for training.
A person, male or female, who served on active duty for a
period of more than 365 days in the United States Armed Forces during
the time period from September 2, 1945 to December 26, 1991, and was
discharged or released therefrom under honorable conditions and has
been awarded the Cold War Recognition Certificate as authorized under
Public Law 105-85, the 1998 National Defense Authorization Act.
The United States Army, Navy, Marine Corps, Air Force and
Coast Guard.
[Amended 3-15-2018 by L.L. No. 3-2018]
A.
The Town of Chester hereby adopts the Real Property Tax Exemption
for Cold War Veterans as authorized by Real Property Tax Law § 458-b.
Qualifying residential real property shall be exempt from taxation
to the extent provided for in Real Property Tax Law § 458-b,
Subdivision (2)(a)(ii), 10% of the assessed value of such property;
provided, however, that such exemption shall not exceed $8,000 or
the product of $8,000 multiplied by the latest state equalization
rate of the 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 by Real Property Tax Law § 458-b,
Subdivision (2)(a), where the Cold War Veteran received a compensation
rating from the United States Veterans' Affairs 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 Cold War Veteran disability rating; provided,
however, that such exemption shall not exceed $40,000 or the product
of $40,000 multiplied by the latest state equalization rate for the
assessing unit or, in the case of a special assessing unit, the latest
class ratio, whichever is less.
