[Adopted 9-14-2004 by L.L. No. 2-2002 (Ch. 162, Art. V, of the 1989 Code)]
A new Article V is hereby inserted into Chapter 162 of the Code of the Town of Manchester as constituted by Local Law Amendment No. 2-2004 which provides that, pursuant to § 485-g of the Real Property Tax Law, residential building lots which are part of a subdivision plat, for residential development which includes infrastructure intended to be dedicated to the Town, or a special district thereof, shall be exempt from taxation to the extent of the increased assessed value of such lots resulting from the addition of such infrastructure for a period until the issuance of a certificate of occupancy but in no event longer than three years from the granting of the exemption which certifies that a residence is constructed on a building lot in said subdivision.
The Town Board of the Town of Manchester finds and hereby determines that it is necessary to provide for such exemptions to encourage residential development in the Town.
The Town Board has adopted this article under the authority of § 485-g of the Real Property Tax Law of the State of New York.
As used in this article, the following terms shall have the meanings indicated:
ASSESSOR
The Town Assessor for the Town of Manchester as appointed or elected.
EXEMPTION
The value of the infrastructure proportionately applied to each of the lots in the subdivision as determined by the Assessor.
EXISTING RESIDENTIAL SUBDIVISION
A subdivision approved and the plat filed with the County Clerk's office prior to the effective date of this article.
INFRASTRUCTURE
Shall be comprised of the following public facilities which are intended to be dedicated to the municipal corporation or a special district thereof: streets, storm and sanitary sewers, drainage facilities and any other facilities required by the municipality to be installed in such residential subdivision as noted on the filed plat plan for such residential subdivision.
NEW RESIDENTIAL SUBDIVISION
A subdivision approved by the Town or its agencies and the plat filed with the County Clerk's office after the effective date of this article.
OFFICE OF REAL PROPERTY SERVICES
The office established in the Executive Department pursuant to Real Property Tax Law § 201.
RESIDENTIAL BUILDING LOTS
Any plat of a subdivision which shall be improved by a building or structure designed and occupied exclusively for residential purposes, but not more than two families.
RESIDENTIAL SUBDIVISION
The division of any parcel of land into any number of residential building lots, blocks or sites as provided in the Town's ordinances, local laws and regulations.
TAXABLE STATUS DATE
The date determined annually as required in Real Property Tax Law § 302.
Infrastructure improvements for residential building lots reconstructed, altered, or improved for residential purposes.
A. 
Ownership requirements. The property must be owned by a private individual or organization.
B. 
Property location requirements. The property must be located within the Town of Manchester. The property must be located on residential building lots which are part of a subdivision plat for residential development which includes infrastructure intended to be dedicated to the municipal corporation or a special district thereof.
C. 
Property use requirements. The property must be used as infrastructure on residential building lots.
D. 
Certification. The owner of the subdivision must file a subdivision plat which shows the facilities which comprise the infrastructure eligible for this exemption.
A. 
Residential building lots that are part of a residential subdivision approved by the Town or its agencies, which include infrastructure intended to be dedicated to the Town or a special district thereof, shall be exempt from taxation to the extent of the assessed value resulting from the addition of such infrastructure. Such exemption shall be granted until the issuance of a certificate of occupancy for such lot or lots, or the occupancy of a residence constructed on said lot or lots, but in no event longer than three years from the effective date of the exemption.
B. 
Application.
(1) 
To obtain an infrastructure exemption, an owner of real property constituting a residential subdivision must file an application with the Town Assessor on a form prescribed by the New York State Office of Real Property Services.
(2) 
The application shall be filed with the Assessor on or before the taxable status date and, for a new residential subdivision, not later than one year from the date of completion of construction, installation, or improvements of the infrastructure within the residential subdivision and the acceptance of dedication thereof by the Town or, for an existing residential subdivision, within one year from the effective date of this article.
C. 
The Assessor, upon review of the application made by the owner and determination that such owner is entitled to the exemption, shall approve such application, and the value of the infrastructure proportionately applied to each of the lots in the residential subdivisions shall be exempt from taxation commencing with the assessment roll prepared after the taxable status date.
D. 
The assessed value of any infrastructure exemption shall be entered by the Assessor on the assessment roll with the taxable property, with the amount of the exemption entered in a separate column.
The exemption shall terminate upon three years from the granting of the exemption or upon granting of a certificate of occupancy; whichever event shall occur first.
A copy of this article shall be filed with the Office of Real Property Services.