[Adopted 3-3-1997 by L.L. No. 1-1997]
This article shall be known as the "Alternative
Veterans Exemption Law of the Town of Clay."
The purpose of this article is to increase the
maximum exemption allowable to veterans as provided in Paragraphs
(a), (b) and (c) of Subdivision 2 of § 458-a of the Real
Property Tax Law of the State of New York.
The meanings of words and expressions as used
in this article shall be identical to their meanings as used in § 458-a
of the Real Property Tax Law of the State of New York.
[Amended 4-6-1998 by L.L. No. 1-1998; 8-20-2007 by L.L. No.
5-2007]
A.Â
The maximum exemption allowable pursuant to Paragraph
(a) of Subdivision 2 of § 458-a of the Real Property Tax
Law is hereby increased to the sum of $36,000;
B.Â
The maximum exemption allowable pursuant to Paragraph
(b) of Subdivision 2 of § 458-a of the Real Property Tax
Law is hereby increased to the sum of $24,000; and
C.Â
The maximum exemption allowable pursuant to Paragraph
(c) of Subdivision 2 of § 458-a of the Real Property Tax
Law is hereby increased to the sum of $120,000.
[Amended 4-6-1998 by L.L. No. 1-1998; 8-20-2007 by L.L. No.
5-2007]
This article shall apply to assessment rolls
prepared on the basis of a taxable status date occurring on or after
January 1, 2008.
