NOTICE OF PUBLIC HEARING

PLEASE TAKE NOTICE that a public hearing will be held on FEBRUARY 15, 2018 at 7 pm at the Esopus Town Hall 284 Broadway, Ulster Park, NY by the Town of Esopus Town Board on a proposed local law entitled, A LOCAL LAW TO AMEND CHAPTER 109 OF THE CODE OF THE TOWN OF ESOPUS TO PROVIDE FOR AN EXEMPTION FROM REAL PROPERTY TAXES FOR RESIDENTIAL REAL PROPERTY OWNED BY VETERANS WHO RENDERED MILITARY SERVICE TO THE UNITED STATES DURING THE “COLD WAR” Section 109-15. Findings. Section 458-b of the Real Property Tax Law of the State of New York authorizes a limited exemption from real property taxes for residential real property owned by honorably discharged veterans who rendered military service to the United States during the “Cold War” as said terms are defined in Real Property Tax Law Section 458-b. Said Law authorizes municipalities to establish maximum exemption amounts.

Section 109-16. In accordance with the provisions of Section 458-b of the Real Property Tax Law of the State of New York, residential real property owned by honorably discharged veterans who rendered military service to the United States during the Cold War (as said terms are defined in Real Property Tax Law Section 458-b) shall be exempt from Town taxation to the extent set forth below: Section 109-17. The maximum exemptions allowable from Town real property taxation pursuant to Section 458-b of the Real Property Tax Law shall be 15 percent of the assessed value of said real property; provided however that said exemption shall not exceed $45,000 or the product of $45,000 multiplied by the latest State Equalization Rate for the Town of Esopus. Section 109-18. The exemption set forth in this local law shall remain in effect indefinitely or until such time as it is revoked by local law, or until authorizing State legislation requires modification. Section 109-19. This Local Law shall take effect immediately upon filing same with the New York State Secretary of State. Holly A Netter, Town Clerk, RMC.

Holly A. Netter

Town Clerk, RMC

845 331 3709