TRUMANSBURG VILLAGE BOARD
NOTICE OF PUBLIC HEARING
Trumansburg Village Hall – Main Meeting Room
56 East Main Street, Trumansburg, NY 14886
December 9th, 2019
PLEASE TAKE NOTICE that the Board of Trustees of the Village will hold a public hearing at 56 East Main Street, Trumansburg, New York, on Monday, December 9th, 2019 at 7:00 p.m., to hear all comments of interested persons related to proposed local law; 5-2019. The Title, Purpose and Intent of the proposed Local Law 5-2019 as follows:
VILLAGE OF TRUMANSBURG
PROPOSED LOCAL LAW 5 OF THE YEAR 2019
ENACTMENT OF NEW YORK STATE REAL PROPERTY TAX LAW
“Exemption For Certain Real Property Taxes for Veterans Who Rendered Military Service to the United States During the ‘Cold War’.”
Be it enacted by the Board of Trustees of the Village of Trumansburg as follows:
SECTION I PURPOSE AND INTENT
It is the purpose and intent of this Local Law to adopt the real property tax exemptions provided for by New York Real Property Tax Law Section 458-b, which allows for certain qualifying residential properties to receive partial exemption from taxation and special ad valorem levies, as defined by the aforementioned statute and as administered by the Tompkins County Department of Assessment.
SECTION II AUTHORITY
This Local Law is enacted pursuant to the grant of powers to Villages as defined by statute.
SECTION III ENACTMENT
The Village of Trumansburg hereby adopts the tax exemption provided for by New York Real Property Tax Law Section 458-b, and that eligibility for such exemption shall be in the manner outlined in said laws. Pursuant to the aforementioned statute, the maximum allowable exemption shall be 10% of the property’s assessment, not to exceed $8,000 multiplied by the latest final state equalization rate for service during the “Cold War”, and a percentage of the property’s assessment equal to one-half of any service connected disability rating not to exceed $40,000 multiplied by the latest final state equalization rate.
SECTION IV VALIDITY
The invalidity of any provision of this Local Law shall not affect the validity of any other provision of this Local Law that can be given effect without such invalid provision.
SECTION V EFFECTIVE DATE
This Local Law shall be effective as of the date of filing with the New York Secretary of State, except that it shall be effective from the date of service as against a person served with a copy thereof, certified by the Village Clerk, and showing the date of its passage and entry in the Minutes of the Village Board of Trustees.