§ 183-4. Purpose.

The purpose of this article is to increase the maximum veterans' alternative exemption available under § 458-a of the Real Property Tax Law of the State of New York.

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 the lesser of $27,000 or the product of $27,000 multiplied by the latest state equalization rate for the Town of Canandaigua.

B. 

In addition to the exemption provided by Subsection A 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 extend of 10% of the assessed value of such property; provided, however, that such exemption shall not exceed the less of $18,000 or the product of $18,000 multiplied by the latest state equalization rate for the Town of Canandaigua.

C. 

In addition to the exemption provided by Subsections A and B of this section, when the veteran received a compensation rating from the United States Veterans Administration 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 veteran's' disability rating; provided, however, that such exemption shall not exceed the lesser of $90,000 or the product of $90,000 multiplied by the latest state equalization rate for the Town of Canandaigua.