§ 50-26. Veterans.

(a)

The village grants the real property tax exemption for veterans pursuant to section 458-a of the Real Property Tax Law.

(b)

The maximum exemptions will be granted as follows:

(1)

For all qualifying veterans a 15 percent exemption will be granted up to $12,000.00.

(2)

For all veterans who served in a combat zone, as documented by a U.S. campaign ribbon or service medal, an additional ten percent exemption will be granted, up to $8,000.00.

(3)

For all disabled veterans with a compensation rating, an individual exemption equal to 50 percent of the veterans service connected disability rating will be granted up to $40,000.00.

(Code 1966, § 14½-11; L.L. No. 4-2006, § 1, 2-27-06)

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