November 9, 2017
FOR IMMEDIATE RELEASE
Mayor Steve Noble proposes extending the local Cold War Veteran Exemption beyond the current 10 year term
KINGSTON, N.Y. Mayor Steve Noble is pleased to propose a local law to extend the Cold War Veteran Exemption beyond the current 10 year term.
Earlier this month, Mayor Noble was made aware of Chapter 290 of the Laws of 2017, which authorizes localities to extend the Cold War Veterans exemption beyond the initial ten years previously allowed. Currently, Cold War Veterans can only benefit from this exemption for a maximum of ten years. If a locality does not adopt a local law stating that the exception will apply to qualifying owners without regard to the ten-year limitation, the exemption will expire after 10 years.
“I am pleased to support this local law and urge the Common Council to act on this opportunity to honor our local veterans and ensure that they have access to this exemption beyond the initial ten-year limitation,” said Mayor Noble.
Currently, over 40 Cold War Veterans receive the exemption on their primary residence in the City of Kingston. In order to be eligible for the exemption, an honorably discharged Cold War Veteran, a spouse of a Cold War Veteran or the un-remarried surviving spouse of a deceased Cold War Veteran must own a home and the home must be their primary residence. The exemption entitles eligible veterans to receive a reduction in their City of Kingston Taxable Assessed Value and if adopted this benefit would extend beyond the current 10 year time limit.
A communication has been sent by the City Assessor, Daniel Baker, to the Common Council for the local law to be considered by the appropriate Council Committee in November. If endorsed by the Committee, there must be two readings of the Local Law before final adoption. The Local Law must be enacted on or before the taxable status date, which is March 1, 2018.
To learn more, visit https://kingston-ny.gov/Assessor.