[Adopted 9-10-2007 by L.L. No. 1-2007[1]]
[1]
Editor's Note: This local law also repealed former Article II,
Veterans Tax Exemption, adopted 10-1-1984 by L.L. No. 6-1984.
A.
Maximum exemption.
(1)
The maximum exemption allowable to qualifying residential
real property exempt from taxation under § 458-a of the New York
State Real Property Tax Law to the extent of 15% of the assessed value shall
be $54,000.
(2)
The maximum exemption allowable to veterans who served
in a combat theater or combat zone of operations, as documented by the award
of the United States campaign ribbon or service medal, under § 458-a
of the New York Real Property Tax Law, shall be $36,000.
(3)
The maximum exemption allowable, as an additional exemption
available to a veteran who has received compensation from a New York veterans
organization or the United States Department of Defense because of a service-connected
disability, calculated as the product of the assessed value multiplied by
50% of the veteran's disability rating under § 458-a of the
New York Real Property Tax Law, shall be $180,000.
B.
Gold Star Parent. Pursuant to the Real Property Tax Law
§ 458-a, a "Gold Star Parent," defined as a parent of a child who
died in the line of duty while serving in the United States Armed Forces during
a period of war, is hereby eligible for the alternative veterans exemption
set forth herein to the maximum extent permitted by state law.
C.
Eligible funds veterans exemption. Pursuant to Real Property
Tax Law § 458-a, a veterans exemption that has been applied to an
Asharoken home sold by a veteran shall be prorated and automatically applied
to a home then purchased by said veteran within the Village of Asharoken.
