This Article provides for the adoption of the alternative veterans
exemption from real property taxes in accordance with § 458-a
of the Real Property Tax Law.
The purpose of this Article is to provide for an alternative exemption
based on 15% of the assessed valuation.
In addition, where the veteran served in a combat theater or
combat zone of operations, qualifying residential real property shall
also be exempt from taxation to the extent of 10% of the assessed
valuation.