[Adopted 2-24-2004 by L.L. No. 3-2004]
This article is adopted pursuant to the authority
granted by New York State Real Property Tax Law § 469. All
definitions, terms and conditions of such statute shall apply to this
article.
A.
An exemption from Village real property taxation is
hereby provided to the extent of any increase in assessed value of
residential property resulting from the construction or reconstruction
of such property for the purpose of providing living quarters for
a parent or grandparent who is 62 years of age or older.
B.
Such exemption shall not exceed:
(1)
The increase in assessed value resulting from construction
or reconstruction of such property; or
(2)
Twenty percent of the total assessed value of such
property as improved; or
(3)
Twenty percent of the median sale price of residential
property as reported in the most recent sales statistical summary
published by the New York State Board of Real Property Services for
Onondaga County, whichever is less.
D.
Such exemption shall be applicable only to construction
or reconstruction which occurred subsequent to August 30, 2000, and
shall only apply during taxable years during which at least one such
parent or grandparent maintains a primary place of residence in such
living quarters.
E.
Such exemption shall not apply to special assessments.
For the purposes of this section, the term "parent
or grandparent" shall be deemed to include the natural or adopted
grandparents and parents of the owner or the spouse of the owner.
Such exemption from taxation shall be granted
upon an application made annually, upon a form to be promulgated by
the New York State Board of Real Property Services, by the owner of
such property to the assessor of the Town of Manlius acting on behalf
of the Village on or before the appropriate taxable status date of
the Village. If the Assessor is satisfied that the property is entitled
to an exemption pursuant to this section, he shall approve the application
and such residential improvements shall be exempt from taxation and
special ad valorem levies as provided in this section.
Any conviction of having made any willful false
statement in the application for such exemption shall result in the
revocation thereof, be punishable by a civil penalty of not more than
one hundred dollars and shall disqualify the applicant or applicants
from further exemption for a period of five years.