Pursuant to and in exercise of the authority granted by and under § 421-f
of the Real Property Tax Law (hereinafter "RPTL § 421-f"), as added
by Chapter 704 of the Laws of 1993, and subject to the provisions of this
article, as currently enacted or hereafter amended, the provisions of RPTL
§ 421-f and the partial exemption from taxation and special ad valorem
levies established therein are hereby made applicable to and shall be extended
by the Incorporated Village of New Hyde Park.
For the purposes of this article, whenever the following words, terms
or phrases shall appear either in this article or in the provisions of RPTL
§ 421-f as applied in and to the Village, they shall have the meanings
ascribed to them hereinbelow:
ASSESSOR
The joint and several members of the Board of Tax Assessors of the
Village of New Hyde Park or, if such Board and such offices shall be hereafter
abolished or eliminated, their lawful successor(s) having the power and jurisdiction
to assess real property in the Village for Village tax purposes.
ORDINARY MAINTENANCE AND REPAIRS
Those routine activities or undertakings designed and intended to
keep up and sustain, or prevent the deterioration or breakdown of, the original
condition, function, integrity or appearance of a residential building and/or
its component parts or systems and which are not considered as increasing
the value of such property.
RECONSTRUCTION, ALTERATIONS OR IMPROVEMENTS
Those activities or undertakings which restore, expand, add to, upgrade,
renovate, remodel or modernize the existing physical structure or the component
parts or systems of a residential building, including but not limited to those
which prevent its physical deterioration or bring it into compliance with
applicable building, sanitary, health and/or fire codes and which are considered
as increasing the value of such property.
RESIDENTIAL BUILDING
Any building or structure lawfully designed and used exclusively
for residential purposes and both certified for occupancy and actually occupied
by not more than one or two families, in accordance with the zoning and other
land use regulations of the Village.
STATE BOARD
The Board of Equalization and Assessment in the Division of Equalization
and Assessment of the Executive Department of the State of New York.
VILLAGE
The Incorporated Village of New Hyde Park in the County of Nassau,
State of New York.