The intent of this article is to encourage property
owners to make improvements to one- and two-family residential housing,
to improve the quality of housing in the community, and to preserve
and expand the tax base of the Village of Canton.
[Amended 2-18-2020 by L.L. No. 2-2020]
In accordance with § 421-f of the New York State Real
Property Tax Law, and subject to meeting the requirements of this
article, reconstructions, alterations or improvements to one- and
two-family residential buildings occurring subsequent to the effective
date of this article resulting in a change in the assessed valuation
of at least Three Thousand Dollars ($3,000) shall be, upon application,
eligible for an exemption of Village of Canton property taxes pursuant
to the terms of this article.
As used in this article, the following terms
shall have the meanings indicated:
RECONSTRUCTION, ALTERATION AND IMPROVEMENT
Shall not include ordinary maintenance and repairs. However,
the value of the relocation or improvement of a septic system when
such relocation or upgrade of a septic system is required as a condition
of or as a precedent to obtaining a permit pursuant to other provisions
of this Code may be considered. Swimming pools shall not be considered
to constitute an alteration or improvement for the purpose of this
article.
RESIDENTIAL BUILDING
Any building or structure designed and occupied exclusively
for residential purposes by not more than two families.
The improvements to one- and two-family residential
buildings reconstructed, altered or improved for residential purposes
subsequent to the effective date of this article shall be exempt from
taxation to the extent provided hereinafter.
An exemption granted pursuant to this article
shall cease in the event that a building granted an exemption pursuant
to this article ceases to be used primarily for residential purposes,
or in the event that title thereto is transferred to other than the
heirs or distributees of the owner. Properties currently receiving
an exemption or abatement under other sections of the Real Property
Tax Law (such as § 485-e) shall continue under the previous
exemption or abatement.