[Adopted 7-17-2006 by L.L. No. 4-2006]
The exemption equals 10% of the assessed value
of the property to a maximum of $3,000 multiplied by the latest state
equalization rate for the assessing unit in which the property is
located. However, for Village exemption authorized by § 466
of the Real Property Tax Law, the minimum exemption is $500.
A.
Application must be made annually by the property
owner, or all of the owners of the property, on forms to be furnished
by the Clerk's office.
B.
The applicant shall furnish the information and the
application shall be executed in the manner required or prescribed
in such forms:
C.
The application shall be filed in such Clerk's office
at least 90 days before the day for filing the final assessment roll.
Any conviction of having made a willful misstatement
or filing of false information regarding this application for such
exemption shall be punishable by a fine of not more than $100 and
shall disqualify the applicant or applicants from further exemption
for a period of five years.
