[Adopted 4-4-1983 by L.L. No. 2-1983]
This article shall be known as the "Veterans
Proportional Exemption Law of the Town of Wheatfield."
The purpose of this article is to preserve the
ratio which each veteran's exemption from taxation on real property
bears to the total assessed value of the real property for which such
exemption has been granted whenever such total assessed value increases
or decreases due only to a change in the manner of assessing.
[Amended 9-15-2008 by L.L. No. 8-2008]
The meanings of words and expressions as used
in this article shall be identical to their meanings as used in § 458,
as amended, of the Real Property Tax Law of the State of New York.
A.
If the ratio between the exemption granted under Subdivision
1 of § 458 of the Real Property Tax Law of the State of
New York and the total assessed value of the real property for which
such exemption has been granted increases or decreases due only to
a change in the manner of assessment, other than a court-ordered full-value
assessment in the Town of Wheatfield, the amount of the exemption
heretofore or hereafter granted shall be increased or decreased in
such subsequent year in the same proportion as the total assessed
value has been increased or decreased as such proportion existed in
the Town of Wheatfield in the last assessment roll based upon fractional
assessment.
B.
Such adjustment shall be made by the Assessor in the
manner provided in Subdivision 3 of § 458 of the Real Property
Tax Law of the State of New York, and no application therefor need
be filed on behalf of any owner of any eligible property.
