[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).
