[Adopted 12-6-1994 by L.L. No. 3-1994]
The purpose of this article is to enact the
changes relative to veterans' exemptions which are authorized by the
new Subdivision 5 of § 458 of the Real Property Tax Law,
which became effective on July 20, 1994.
The definitions of § 102 of the Real
Property Tax Law shall apply to the words and terms used in this article.
This article is enacted pursuant to the authority
vested in the Town of Marbletown by the Town Law, the Municipal Home
Rule Law, the Real Property Tax Law and other applicable laws of the
State of New York.
A.
If the total assessed value, of the real property
for which an exemption described in Subdivision 1 or 2 of § 458
of the Real Property Tax Law has been granted, increases or decreases
as the result of a revaluation or update of assessments, and a material
change in level of assessment, as provided in Title 2 of Article 12
of the Real Property Tax Law, is certified for the assessment roll
pursuant to the rules of the State Board, the Assessor shall increase
or decrease the amount of such exemption by multiplying the amount
of such exemption by such change in level of assessment. As provided
by Subdivision 5 of § 458 of the Real Property Tax Law,
if the Assessor receives the certificate after the completion, verification
and filing of the final assessment roll, the Assessor shall certify
the amount of exemption, as recomputed pursuant to this subsection,
to the local officers having custody and control of the roll, and
such local officers are hereby directed and authorized to enter the
recomputed exemption, as certified by the Assessor, on the roll.
B.
Owners of property who previously received an exemption
pursuant to § 458 of the Real Property Tax Law, but who
opted instead to receive an exemption pursuant to § 458-a
of the Real Property Tax Law, are hereby authorized to again receive
an exemption pursuant to § 458 of the Real Property Tax
Law upon application by the owner within one year of the adoption
of this article. The Assessor shall recompute and process all exemptions
granted pursuant to this article in full compliance with the procedures
set forth in Subdivision 5(b) of § 458 of the Real Property
Tax Law.
