Public Hearing Cold War Veteran Exemption

Public Hearing Cold War Veteran Exemption

PUBLIC NOTICE  


NOTICE IS HEREBY GIVEN, that a public hearing will be held by the Town Board, Town of Yorktown, Westchester County, New York at the Town Hall, 363 Underhill Avenue, Yorktown Heights, New York on the 2nd day of February, 2010 at 7:30 o'clock PM, or as soon thereafter as the same can be heard for the purpose of amending Chapter 260, Section 260-36 of the Code of the Town of Yorktown by increasing the value of the Cold War Veterans Tax Exemption.

SECTION I. Chapter 260, Article X, Section 260-36 of the Code of the Town of Yorktown is hereby amended by increasing the value of the Cold War Veterans Tax Exemption as follows:

ARTICLE X
Cold War Veterans Tax Exemption

§260-36. Exemption granted.

A.      Qualifying residential real property 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 $54,000 or the product of $54,000 multiplied by the latest state equalization rate or in the case of a special assessing unit, the latest class ratio, whichever is less.

B.      In addition to the exemption provided by Subsection A above, where the Cold War veteran received a compensation rating from the United States Veterans Affairs 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 50% of the Cold War veteran disability rating; provided, however, that such exemption shall not exceed $180,000, or the product of $180,000 multiplied by the latest state equalization rate, or, in the case of a special assessing unit, the latest class ratio, whichever is less.

       All persons in interest and citizens may be heard at the public hearing to be held as aforesaid.

                                                              Alice E. Roker
                                                            
                                                              Town Clerk

                                                              Town of Yorktown

http://www.yorktownny.org/Public_Documents/YorktownNY_Clerk/ProposedLegislation/LL260CWVE.2010?textPage=1