199.2006
RESOLUTION SETTING PUBLIC HEARING ON PROPOSED
LOCAL LAW NO. __ OF 2006 TO AMEND QUEENSBURY TOWN CODE
CHAPTER 155, “TAXATION” BY ADDING A NEW ARTICLE III
ENTITLED “EXEMPTION FOR VETERANS”
RESOLUTION NO.: 199, 2006
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Richard Sanford
WHEREAS, Warren County Board of Supervisors recently unanimously adopted and enacted
Local Law No. 2 of 2006 which provides for an increase in the cap or maximum exempt amount for
Veteran’s tax exemptions under New York State Real Property Tax Law §458-a, and
WHEREAS, the Queensbury Town Board also wishes to consider adoption of Local Law No.:
__ of 2006 to amend the Queensbury Town Code Chapter 155, “Taxation” by adding a new Article III
entitled "Exemption for Veterans” to provide for an increase in the cap or maximum exempt
amount for Veteran’s tax exemptions under New York State Real Property Tax Law §458-a, and
WHEREAS, the proposed Local Law No. ____ of 2006 proposes to establish the
maximum Veterans exemption allowable from real property taxes as follows:
1.Qualifying residential real property would be exempt from taxation to the extent of
fifteen percent (15%) of the assessed value of such property, provided, however, that
such exemption not exceed the lesser of Twenty-Seven Thousand Dollars ($27,000)
or the product of Twenty-Seven Thousand Dollars ($27,000) multiplied by the latest
state equalization rate for the assessing unit;
2.A veteran who served in a combat theatre or combat zone of operations would be
exempt from taxation to the extent of ten percent (10%) of the assessed value of such
property; provided, however, that such exemption not exceed the lesser of Eighteen
Thousand Dollars ($18,000) or the product of Eighteen Thousand Dollars ($18,000)
multiplied by the latest state equalization rate for the assessing unit; and
3.Qualifying residential real property owned by a veteran who received a compensation
rating from the United States Veterans Administration or Department of Defense
because of a service connected disability would 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 not
exceed the lesser of Ninety Thousand Dollars ($90,000) or the product of Ninety
Thousand Dollars ($90,000) multiplied by the latest state equalization rate for the
assessing unit and where a veteran died in service of a service connected disability,
such person would be deemed to have been assigned a compensation rating of one
hundred percent (100%);
and
WHEREAS, this legislation is authorized in accordance with New York State Real Property
Tax Law §458-a and New York State Municipal Home Rule Law §10, and
WHEREAS, the Town Board wishes to set a public hearing concerning adoption of this Local
Law,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board shall meet and hold a public hearing at the
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Queensbury Activities Center, 742 Bay Road, Queensbury at 7:00 p.m. on Monday, April 17, 2006 to
hear all interested persons and take any necessary action provided by law concerning proposed Local
Law No.: __ of 2006, and
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BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Queensbury Town Clerk
to publish and post a Notice of Public Hearing concerning proposed Local Law No. __ of 2006 in the
manner provided by law.
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Duly adopted this 3 day of April, 2006, by the following vote:
AYES : Mr. Stec, Mr. Boor, Mr. Sanford, Mr. Brewer
NOES : None
ABSENT: Mr. Strough
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