[Adopted 4-17-2018 by L.L. No. 5-2018]
A.
In accordance with the provisions of § 458-b of the Real
Property Tax Law of the State of New York, residential real property
owned by veterans who rendered military service to the United States
during the Cold War shall be partially exempt from taxation to the
extent of 15% of the assessed value of such real property for City
tax purposes; provided however, that such exemption shall in no event
exceed $12,000 or the product of $12,000 multiplied by the latest
final state equalization rate, whichever is less.
B.
Moreover, in accordance with the provisions of § 458-b
of the Real Property Tax Law of the State of New York, residential
real property owned by veterans who rendered military service to the
United States during the Cold War and who have been determined to
be disabled by the United States Department of Veterans Affairs or
the United States Department of Defense shall be partially exempt
from taxation to the extent of the product of the assessed value of
the real property multiplied by 50% of the Cold War veteran's disability
rating; provided, however, that such exemption shall in no event exceed
$40,000 or the product of $40,000 multiplied by the latest final state
equalization rate, whichever is less.
Such exemption shall not be granted to a Cold War veteran unless
the applicant meets the statutory definitions and/or requirements
set forth in § 458-b of the Real Property Tax Law of the
State of New York.
Pursuant to Real Property Tax Law § 458-b(2)(c)(iii),
notwithstanding the ten-year limitation imposed by the foregoing provisions
of § 458-b, the exemption shall apply to qualifying owners
or qualifying real property for as long as they remain qualifying
owners, without regard to such ten-year limitation.
Application for such exemption shall be filed with the Assessor
on or before the taxable status date on a form prescribed by the state
board.
The sufficiency and adequacy of any such required certifications
or proof of residency is left to the discretion of the Assessor of
the City of Hudson. All such certifications or documentation shall
be in writing and maintained with the Assessor's records for the exemption.
