[Adopted 2-11-1991 by L.L. No. 2-1991; 12-11-2006 by L.L. No. 12-2006]
[Amended 11-14-2005 by L.L. No. 6-2005; 12-11-2006 by L.L. No. 12-2006]
The purpose of this article is to increase the maximum veterans exemption allowable, and to include a Gold Star Parent within the definition of a qualified owner, pursuant to New York State Real Property Tax Law § 458-a.
[Amended 1-13-1997 by L.L. No. 3-1997; 1-25-1999 by L.L. No. 1-1999; 11-14-2005 by L.L. No. 6-2005]
A. 
Qualifying residential real property, including a primary residence owned by a parent of a child who died in the line of duty while serving in the United States Armed Forces during a period of war, shall be exempt from taxation to the extent of 15% of the assessed value of such property; provided, however, that such exemption shall not exceed the lesser of $36,000 or the product of $36,000 multiplied by the latest state equalization rate for the Town of Victor.
[Amended 12-11-2006 by L.L. No. 12-2006]
B. 
In addition to the exemption provided by Subsection A of this section, where the veteran served in a combat theater or combat zone of operations, as documented by the award of a United States campaign ribbon or service medal, qualifying residential real property, including a primary residence owned by a parent of such child who died in the line of duty while serving in the United States Armed Forces during a period of war, also shall be exempt from taxation to the extent of 10% of the assessed value of such property; provided, however, that such exemption shall not exceed the lesser of $24,000 or the product of $24,000 multiplied by the latest state equalization rate for the Town of Victor.
[Amended 12-11-2006 by L.L. No. 12-2006]
C. 
In addition to the exemption provided by Subsections A and B of this section, where the veteran received a compensation rating from the United States Veterans Administration because of a service-connected disability, qualifying residential real property also shall be exempt from taxation to the extent of the product of the assessed value of such property multiplied by 50% of the veteran's disability rating; provided, however, that such exemption shall not exceed the lesser of $120,000 or the product of $120,000 multiplied by the latest state equalization rate for the Town of Victor.
Insofar as the provisions of this article are inconsistent with the provisions of any other local law or act, the provisions of this article shall be controlling.