[Adopted 10-16-1985 by L.L. No. 4-1985]
In the event that the ratio between the exemption granted to veterans under § 458 of the Real Property Tax Law and the assessed value of the real property for which such exemption has been granted increases or decreases due to full value assessment in the Town of Orchard Park, the amount of the exemption shall be increased or decreased in the same proportion as the total assessed value has been increased or decreased. The adjustment referred to herein shall be made by the Assessor of the Town of Orchard Park in the manner provided in Paragraph (3) of Subdivision 1 of § 458 of the Real Property Tax Law and no application therefore need be filed by or on behalf of any owner of any eligible property.
[Added 3-19-1997 by L.L. No. 1-1997]
The veteran's tax exemption is hereby fixed at the maximum home value cap of $120,000 permitted pursuant to RPTL § 458-a (Real Property Tax Law).