[Adopted 11-8-2006 by L.L. No. 17-2006]
Pursuant to authority conferred by NYS Real Property Tax Law § 458(5)(d), the Town of Rotterdam, should it file a change in level of assessment, may grant to every veteran who is entitled to any additional eligible funds a recomputed exemption in lieu of the exemption otherwise authorized by NYS Real Property Tax Law § 458(5)(d). Such recomputed exemption may be granted on any change in level of assessment roll filed after the effective date of this article.
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Editor's Note: See also Article III, Alternative Veterans Tax Exemption, of this chapter.
As used in this article, the following terms shall have the meanings indicated:
RECOMPUTED EXEMPTION
The sum of the original exemption and any additional eligible funds received multiplied by the change in level of assessment from the assessment roll in the year the exemption was originally granted.