City of New Rochelle, NY Article IV Veterans Alternative Exemption

[Adopted 1-15-1985 by L.L. No. 2-1985]

§ 288-14 Limitation of exemption.

[Amended 3-17-1998 by L.L. No. 4-1998; 4-20-2004 by L.L. No. 5-2004; 3-21-2006 by L.L. No. 4-2006; 3-18-2014 by L.L. No. 1-2014; 9-21-2021 by L.L. No. 3-2021]

The exemptions permitted by § 458-a of the Real Property Tax Law in Subdivision 2(a), (b) and (c) thereof shall be limited as follows:

A. For Subdivision 2(a), the sum applicable shall be $75,000.

B. For Subdivision 2(b), the sum applicable shall be $50,000.

C. For Subdivision 2(c), the cumulative sum applicable shall be $250,000.

§ 288-14.1 Cooperative corporation exemption.

[Added 3-17-1998 by L.L. No. 5-1998]

The exemptions permitted by § 458-a of the Real Property Tax Law in Subdivision 2(a), (b) and (c) thereof as limited by § 288-14 of the Code of the City of New Rochelle shall apply to real property owned by a cooperative corporation in addition to other qualifying residential real property.