The Town of Avon does hereby adopt the alternate
veterans exemption from real property taxation, as authorized by § 458-a
of the Real Property Tax Law.
[Amended 2-22-2007 by L.L. No. 2-2007]
Pursuant to the provisions of Subdivision 2(d)(ii)
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 $21,000 or the product of $21,000 multiplied by the latest state
equalization rate for the Town of Avon.
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 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 $14,000 or the product of $14,000 multiplied by the latest state equalization rate for the Town of Avon.
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 rate; provided, however, that such exemption shall not exceed the lesser of $70,000 or the product of $70,000 multiplied by the latest state equalization rate for the Town of Avon.
This section shall take effect immediately and
apply to assessment rolls prepared on the basis of the taxable status
dates occurring on or after the first day of January, next succeeding
the date on which this article shall have become a law.