[Adopted 10-28-1985 by L.L. No. 1-1985 (Ch. 82, § 82.1, of the 1979 Code)]
If the ratio between the exemption granted to
veterans under § 458 of the Real Property Tax Law and the
total assessed value of the real property for which such exemption
has been granted increases or decreases due only to a full value assessment
in the Village of Orchard Park, 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. Such adjustment shall be made by the Assessor of the
Village of Orchard Park in the manner provided in Paragraph 3 of Subdivision
1 of § 458 of the Real Property Tax Law and no application
therefor need be filed by or on behalf of any owner of any eligible
property.
