City of Olean, NY
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2020-12-22
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Part II: Olean Code of Local Laws
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Chapter LL6 Taxation and Assessments
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Article III COLD WAR VETERANS PROPERTY EXEMPTION
- Part I: Charter
- Ch C Charter
- Ch CHCT Charter Comparative Table
- Part II: Olean Code of Local Laws
- Ch LL1 General Provisions
- Ch LL2 Administration
- Ch LL2.5 Buildings
- Ch LL3 Elections
- Ch LL4 Health and Human Services
- Ch LL4.5 Procurement Policies
- Ch LL5 Streets and Sidewalks
- Ch LL6 Taxation and Assessments
- Ch LL6 Art III COLD WAR VETERANS PROPERTY EXEMPTION
- § LL6-41 Property exemption granted.
- § LL6-42 Elimination of ten-year period.
- § LL6-43 through Sec. LL6-50. (Reserved)
- Ch LL7 Water, Sewers and Sewage Disposal
- Part III: Code of Ordinances
- Ch 1 General Provisions
- Ch 2 Administration
- Ch 3 Advertising and Signs
- Ch 3.5 Alarm Systems
- Ch 4 Amusements
- Ch 5 Animals
- Ch 6 Buildings, Building Regulations and Fire Prevention
- Ch 7 Elections
- Ch 8 Environmental Control
- Ch 9 Flood Damage Prevention
- Ch 10 Health and Human Services
- Ch 11 Historic Preservation
- Ch 12 Housing Code
- Ch 13 Licenses, Permits and Miscellaneous Business Regulations
- Ch 14 Miscellaneous Offenses and Provisions
- Ch 15 Noise
- Ch 16 Nuisances
- Ch 17 Parks and Recreation
- Ch 18 Planning and Development
- Ch 19 Police
- Ch 19.7 Sex Offenders
- Ch 20 Solid Waste Management and Recycling
- Ch 21 Streets and Sidewalks
- Ch 22 Subdivision Regulations
- Ch 23 Taxation and Assessments
- Ch 24 Traffic
- Ch 25 Trailers, Trailer Camps, and Tourist Camps
- Ch 26 Vehicles for Hire
- Ch 27 Water and Sewers and Sewage Disposal
- Ch 28 Zoning
- Ch CCT Code Comparative Tables
- Ch SLR State Law Reference Table
[L.L. No. 2-08, § 2, 9-9-2008)
The City of Olean hereby provides that qualifying residential
real property shall be exempt from city taxation to the extent of
15% of the assessed value of such property; provided, however, that
such exemption shall not exceed $12,000 or the product of $12,000
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, for Cold War veterans as described in New
York State Real Property Tax Law Section 458-b.
[Added 2-27-2018 by L.L. No. 1-2018]
The City of Olean hereby further provides that qualifying residential owners of qualifying real property shall retain the exemption provided for in Sec. LL6-41 above for as long as they remain qualifying owners, without regard to such ten-year limitation as provided for in Real Property Tax Law Section 458-b(2)(c)(iii).
