Where real property is income-producing property, the owner shall be
required to submit annually to the Assessor, not later than the 15th day of
January, a statement of all income derived from and all expenses attributed
to the operation of such property as follows:
A. Where the owner's books and records reflecting the operation
of the property are maintained on a calendar year basis, the statement shall
be for the calendar year preceding the date the statement shall be filed.
B. Where the owner's books and records reflecting the operation
of the property are maintained on a fiscal year basis for federal income tax
purposes, the statement shall be for the last fiscal year concluded as of
the first day of January preceding the date the statement shall be filed.
C. Notwithstanding the provisions of Subsections
A and
B of this section, where the owner of the real property has not operated the property and is without knowledge of the income and expenses of the property for a consecutive twelve-month period concluded as of the first day of January preceding the date the statement shall be filed, then the statement shall be for the period of the ownership.
D. The Assessor may, for good cause shown, extend the time
for filing an income and expense statement by a period not to exceed 30 days.
Such statements shall contain the following declaration: "I certify
that all information contained in this statement is true and correct to the
best of my knowledge and belief. I understand that the willful making of any
false statement of material fact herein will subject me to the provisions
of law relevant to the making and filing of false instruments and will render
this statement null and void."
The form on which such statement shall be submitted shall be prepared
by the Assessor, and copies of such form shall be made available at said Assessor's
offices in the Village of Tarrytown.
As used in this chapter, the following terms shall have the meanings
indicated:
INCOME-PRODUCING PROPERTY
Real property leased to one or more tenants and owned for the purpose
of securing an income from the property itself but shall not include residential
property containing three or fewer dwelling units or property classified in
Class One as defined in Article 18 of the Real Property Tax Law.