Chapter 20, TAXATION

ARTICLE I. IN GENERAL

§§ 20-1 - 20-20. Reserved.

ARTICLE II. REAL PROPERTY

§ 20-21. Business investment exemption.

(a) Short title. This section shall hereafter be known and cited as the "Tax Exemption Reduction Law."

(b) Legislative intent. The purpose of this section is to provide for the reduction of the percentum of the real property tax exemption provided for in § 485-b (Chapter 278 of the Laws of 1976), Subdivision 2(a), of the Real Property Tax Law.

(c) Definitions. As used in this local law, unless otherwise expressly stated, definitions shall be as set forth in § 4 85-b (Chapter 278 of the Laws of 1976) of the Real Property Tax Law.

(d) Exemption reduced. The real property tax exemption percentage as set forth in Subdivision 2(a) of § 285-b (Chapter 278 of the Laws of 1976) of the Real Property Tax Law, pursuant to Subdivision 7 thereof, is hereby reduced to zero percent (0%). (L.L. No. 4-1976, §§ 1 - 4EN)

§ 20-22. Alternative veterans' exemption.

(a) The purpose of this section is to reduce the maximum veterans' exemption allowable pursuant to § 458-a of the Real Property Tax Law of the State of New York.

(b) The terms "qualifying residential real property," "veteran" and "service connected," as used in this section, shall be as defined in § 458-a of the Real Property Tax Law of the State of New York.

(c) Pursuant to the provisions of Subdivision 2(d) of § 458-a of the Real Property Tax Law of the State of New York, the maximum veterans' exemption from real property taxes allowable pursuant to § 458-a of the Real Property Tax Law is established as follows:

(1) Qualifying residential real property shall be exempt from taxation to the extent of fifteen percent (15%) of the assessed value of such property; provided, however, that such exemption shall not exceed nine thousand dollars ($9,000.) or the product of nine thousand dollars ($9,000.) multiplied by the latest state equalization rate for the Village of Tuckahoe, whichever is less.

(2) In addition to the exemption provided by Subsection (c)(1) 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 also shall be exempt from taxation to the extent of ten percent (10%) of the assessed value of such property; provided, however, that such exemption shall not exceed six thousand dollars ($6,000.) or the product of six thousand dollars ($6,000.) multiplied by the latest state equalization rate of the Village of Tuckahoe, whichever is less.

(3) In addition to the exemptions provided by Subsections (c)(1) and (2) of this section, where the veteran received a compensation rating from the United States Veteran's Administration or from the United States Department of Defense because of a service-connected disability, qualifying residential real property shall be exempt from taxation to the extent of the product of the assessed value of such property multiplied by fifty percent (50%) of the veteran's disability rating; provided, however, that such exemption shall not exceed thirty thousand dollars ($30,000.) or the product of thirty thousand dollars ($30,000.) multiplied by the latest state equalization rate for the Village of Tuckahoe, whichever is less. (L.L. No. 8-1984, §§ l, 2; L.L. No. 9-1986, § 2)

§ 20-23. Partial real property tax exemption for senior citizens.

(a) Pursuant to the provisions of § 467 of the Real Property Tax Law and as therein provided, the real property owned by one (1) or more persons, each of whom is sixty-five (65) years of age or over, or real property owned by husband and wife, one (1) of whom is sixty-five (65) years of age or over, shall be exempt from taxation to the extent of the per centum of the assessed valuation thereof and subject to the income requirements as may be established by resolution of the Board of Trustees, after public hearing, said resolution to be adopted in accordance with the provisions and requirements of the aforementioned § 467.

(b) Application for such exemption must be made by the owner or all of the owners of the property, on forms prescribed by the New York State Board of Equalization and Assessment to be furnished by the Village Assessor and shall furnish the information and be executed in the manner required or prescribed in such forms, and shall be filed with such Assessor's office on or before the taxable status date.

(c) Any conviction of having made any willful false statement in the application for such exemption shall be punishable by a fine of not more than one hundred dollars ($100.) and shall disqualify the applicant or applicants from further exemption for a period of five (5) years. (L.L. No. 10-1990, § 2)