[Adopted 12-21-1998 by L.L. No. 3-1998; amended in its entirety 11-20-2006 by L.L. No. 6-2006]
The purpose of this article is to set forth
and provide the percentage of the real property tax exemption provided
for in § 458-a of the Real Property Tax Law that is effective
in the Village of Irvington. All definitions, terms and conditions
of such statute shall apply to this article.
[Amended 12-3-2008 by L.L. No. 1-2008; 4-18-2022 by L.L. No. 2-2022]
The maximum exemptions allowable in Paragraphs
(a), (b) and (c) of Subdivision 2 of § 458-a of the Real
Property Tax Law are increased to $75,000, $50,000 and $250,000, respectively.
A.
The Village of Irvington adopts immediately the local
option provisions of the New York State Real Property Tax Law §
458-a to allow that portion of a cooperative apartment corporation
held by an otherwise eligible veteran tenant/stockholder to be eligible
for an exemption from real property taxes.
B.
The Assessor of the Town of Greenburgh shall determine
the amount of exemption, based upon the proportion of the outstanding
stock held by the eligible shareholder and credited against the taxes
charged to the corporation. Eligible stockholders are required to
receive and adjustment to their monthly maintenance fees by the cooperative
apartment corporation to reflect the benefit of the exemption.
[Amended 11-21-2011 by L.L. No. 7-2011]
