[Adopted 2-14-2011 by L.L. No. 1-2011]
A.
Pursuant
to Subdivision 2(a) of § 458-b of the New York State Real
Property Tax Law, the Town of East Bloomfield hereby adopts the qualifying
residential real property exemption under Subdivision 2(a)(i) of § 458-b
of the New York State Real Property Tax Law, that is, an exemption
in the amount of 10% of the assessed value of such property; provided
however, that such exemption, as permitted by Subdivision 2(c)(iii),
shall not exceed $4,000 or the product of $4,000 multiplied by the
latest state equalization rate of such property's assessing unit,
such exemption to be subject to the definitions, limitations and requirements
of § 458-b.
B.
Pursuant
to Subsection 2(c)(iii) of § 458-b of the New York State
Real Property Tax Law, the exemption authorized shall apply to qualifying
owners of qualifying real property for as long as they remain qualifying
owners, without regard to such ten-year limitation.
[Added 2-12-2018 by L.L.
No. 1-2018]
Pursuant to Subdivision 2(b) of § 458-b of the Real
Property Tax Law, the Town of East Bloomfield hereby adopts the qualifying
residential real property exemption under Subdivision 2(b) of § 458-b
of the New York State Real Property Tax Law, that is, an exemption
in the amount equal to the extent of the product of the assessed value
of such property, multiplied by 50% of the Cold War veteran disability
rating; provided, however, that such exemption, as permitted by Subdivision
2(c)(iii) shall not exceed $20,000 or the product of $20,000 multiplied
by the latest state equalization rate for the assessing unit.
This article shall take effect immediately upon its filing with
the Secretary of State and shall be applicable to all assessment rolls
prepared pursuant to the first taxable status date occurring on or
after the effective date of this article.
