[Adopted 4-7-1997 by L.L. No. 2-1997 (Ch. 51 of the 1968 Code)]
This article shall be entitled "Veteran's Real Property Tax Exemption Law of the Village of Fairport."
[Amended 1-9-2006 by L.L. No. 2-2006]
This article is enacted pursuant to the authority granted to the Village of Fairport by enabling legislation enacted by the State of New York (Chapter 477 of the Laws of 1996), amending New York State Real Property Tax Law § 458-a(2)(d)(ii), to provide for an increase in the maximum allowable veterans real property tax exemption from $18,000 to $36,000 for veterans, from an additional $12,000 to $24,000 for veterans serving in a combat theater or zone of operation and from an additional $60,000 to $120,000 for veterans receiving compensation from the United States Veterans Administration or Department of Defense for a service-connected disability.
All terms used herein shall have the same meaning as provided in New York Real Property Tax Law § 458-a, as amended, unless expressly otherwise provided herein.
This article shall apply to qualifying residential real property, as that term is defined in New York Real Property Tax Law § 458-a(1)(d), as amended, located in the Village of Fairport.
[Amended 1-9-2006 by L.L. No. 2-2006]
The maximum exemption allowable for a veterans real property tax exemption shall be as follows:
A. 
For a veteran, $36,000 or the product of said amount multiplied by the latest state equalization rate for the Village of Fairport, whichever is less.
B. 
For a veteran who served in a combat theater or combat zone of operations, as documented by the award of a United States campaign ribbon or service medal, an additional $24,000 or the product of said amount multiplied by the state equalization rate for the Village of Fairport, whichever is less.
C. 
For a veteran who receives a compensation rating from the United States Veterans Administration or from the United States Department of Defense because of a service-connected disability, in addition to the exemptions contained in Subsections A and B of this section, $120,000 or the product of said amount multiplied by the state equalization rate for the Village of Fairport, whichever is less.
[Amended 1-9-2006 by L.L. No. 2-2006]
This article shall become effective on the 20th day after it is adopted and upon completion of filing with the Secretary of State, pursuant to Municipal Home Rule Law § 27, and shall apply to assessment rolls prepared on the basis of taxable status dates occurring on or after January 1, 2006.