[Adopted 11-26-1984 by L.L. No. 1-1984]
This Article shall be known and may be cited as the "Taxation — -Homestead Base Proportion Law of the Village of Lake Success."
The provisions of § 1903 of the Real Property Tax Law of the State of New York are hereby adopted by the Village of Lake Success.
The Village Board of Trustees of the Village of Lake Success is hereby authorized to determine and establish a homestead base proportion, by resolution, for all assessment rolls finally filed and applicable to the levy of all taxes levied thereon for each tax year subsequent to the effective date of this Act and commencing with the first assessment roll finally filed subsequent to the effective date of this Act, in accordance with the provisions of Article 19 of the Real Property Tax Law and the rules of the New York State Board of Equalization and Assessment.