ARTICLE IV, Alternative Veterans Tax Exemption

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ARTICLE IV, Alternative Veterans Tax Exemption

§ 215-26. Exemption granted.

The alternative exemption for veterans as set forth and allowed by § 458-a of the Real Property Tax Law is hereby granted to qualified owners as determined pursuant to said section of law.

§ 215-27. Reduction of exemption.

The maximum exemption allowable under said section of law is reduced as follows: for war veterans, fifteen percent (15%) of assessed value to a maximum of nine thousand dollars ($9,000.) plus, if applicable, for combat zone veterans ten percent (10%) of assessed value to a maximum of six thousand dollars ($6,000.) plus, if applicable, for disabled veterans, percent of assessed value equal to one-half of service-connected disability rating to a maximum of thirty thousand dollars ($30,000.).