CLIFTON PARK — Cold War veterans in town will now receive a permanent tax exemption.
At its meeting on Monday night, the Clifton Park Town Board unanimously approved a law that will see the Cold War Veterans Tax Exemption, a property tax break, become permanent for as long as the veteran meets the tax break qualifications.
Clifton Park first approved the tax exemption in 2007. Until recently, municipalities had to approve the exemption every 10 years.
However, an amendment made by the state Legislature last session allows the current 10-year exemption to be extended in municipalities for as long as a veteran is qualified. By adding the permanence factor to the local law, municipalities may avoid having to readopt the exemption every decade. The Legislature must still pass the bill every 10 years.
The tax exemption is available on a veteran’s primary residence, or the residence of a still-single surviving spouse of the a Cold War veteran. Veterans can receive a 10 or 15 percent reduction in their property’s assessed value. Additional cuts are available for veterans who incurred a service-related disability.
Town Supervisor Phil Barrett, who also serves on the Saratoga County Board of Supervisors, noted at the meeting that similar steps will be taken at the county level.