[Adopted 12-16-1997 by L.L. No. 10-1997; amended in its entirety 3-31-2006 by L.L. No. 3-2006]
A. 
The maximum exemption allowable to qualifying residential real property owned by disabled, wartime and combat veterans, pursuant to Paragraphs (a), (b) and (c) of Subdivision 2 of § 458-a of the New York Real Property Tax Law, is hereby increased from $54,000 to $75,000; $36,000 to $50,000; and $180,000 to $250,000 respectively, effective for the 2023/20024 tax year.
[Amended 4-29-2022 by L.L. No. 6-2022]
B. 
A veteran already receiving an exemption pursuant to this section, who sells the property receiving the exemption and purchases property within the same town, may have the exemption transferred and prorated for the remainder of the fiscal year as set forth in Real Property Tax Law § 458(9). The prorated exemption shall be based upon the date the veteran obtains title to the new property. A veteran who wishes to receive the exemption in future fiscal years is still required to reapply for the exemption on or before the following taxable status date.
[Added 3-2-2007 by L.L. No. 1-2007]