§ 230-14. Eligibility under Real Property Tax Law § 458-b.

Latest version.

A.
Owners of real property who are eligible to receive a veterans exemption pursuant to § 458-b of the Real Property Tax Law shall be eligible to apply for an exemption under Paragraph (a) or (b) of Subdivision 2 of § 458-b. Under Paragraph (a), such exemption shall be equal to 10% of the qualified parcel's assessed value, but will not exceed $8,000. Under Paragraph (b), such exemption shall be equal to 1/2 of the disability rating multiplied by the assessed value, but will not exceed $40,000.

B.
The ten-year limitation on real property tax exemptions for Cold War veterans is eliminated.
[Added 1-8-2018 by L.L. No. 1-2018]

Added 12-29-2008 by L.L. No. 2-2008

                    
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