Town of Walworth, NY
Wayne County
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[Adopted 11-16-1978 by L.L. No. 7-1978]
[Amended 9-1-1994 by L.L. No. 1-1994]
A. 
Extent. Pursuant to former § 485 of the Real Property Tax Law[1] of the State of New York, eligible business facilities, as defined in former § 115 of the former Commerce Law[2] of the State of New York, which are located within the Town of Walworth shall be exempt from taxes and special ad valorem levies imposed by or on behalf of the Town of Walworth for Town and special district purposes in accordance with the following schedule for exemption:
Year of Exemption
Percentage of Exemption
1
90
2
80
3
70
4
60
5
50
6
40
7
30
8
20
9
10
[1]
Editor's Note: Former § 485 was repealed by L. 1988, c. 165, § 5, effective 6-27-1988.
[2]
Editor's Note: See now the Economic Development Law.
B. 
Application required. Such exemption shall be granted only upon an application by the owner or operator of such facility on a form prescribed by the New York State Job Incentive Board, to which there shall be attached a copy of a certificate of eligibility issued by the aforesaid Job Incentive Board, and the exemption shall be continued from year to year during such period only if the certificate or eligibility with respect to such business facility is not revoked or modified and is renewed or extended as provided in former § 120 of the former Commerce Law[3] of the State of New York.
[3]
Editor's Note: See now the Economic Development Law.
If an exemption has once been granted for a business facility under this article and the Assessor receives notice that a certificate of eligibility of such facility has been revoked or modified, he shall redetermine the assessed value of any such exemption in accordance with such revocation or modification. If upon such redetermination it appears for a year for which an exemption has been granted that such facility has been ineligible or that the assessed value of such exemption as redetermined is less than the assessed value of such exemption as shown on the assessment rolls for such year, then a tax shall be levied at the rate of tax for such year upon so much of the assessed valuation of such exemption, as shown on such assessment rolls, as may be ineligible or excessive. Such tax shall be levied as an omitted assessment in the manner provided in § 550 of the Real Property Tax Law.