[Adopted 12-12-2001 by L.L. No. 8-2001]
This article shall be entitled "Eligible Funds
Veterans Exemption Adjustment Law of the Town of Perinton."
It is the purpose and intent of this article
to implement legislation signed into law by the Governor of the State
of New York, which amends § 458, Subdivision 5, of the Real
Property Tax Law of the State of New York, to direct the Town Assessor
to adjust the amount of the eligible funds veterans exemption based
upon reassessment of property within the Town and to permit veterans
who had converted from eligible funds veterans exemption to the alternative
veterans exemption, to change back to eligible funds veterans exemption
and obtain the benefits of the amended provision of the Real Property
Tax Law.
This article is enacted pursuant to the provisions
of § 458 of the Real Property Tax Law of the State of New
York, as the same may be amended from time to time.
The Assessor of the Town of Perinton is hereby
directed to increase or decrease the amount of eligible funds veterans
exemption by multiplying the amount of the exemption by the change
in the level of assessment for the Town of Perinton, as determined
by and certified by the New York State Office of Real Property Services
pursuant to the rules of said office.
At any time within one year of the effective
date of this article, any owner of property who previously received
an exemption pursuant to § 458 of the Real Property Tax
Law but who opted instead to receive exemption under § 458-a,
the alternative veterans exemption, may apply to the Town Assessor
to again receive the exemption under § 458.
This article shall become effective immediately
upon completion of filing with the Secretary of State and shall apply
to assessment rolls prepared on the basis of taxable status dates
occurring on or after January 1, 2002.
