[Adopted 8-28-1985 by L.L. No. 2-1985 (Ch. 39A, Art. III, of the 1963 Code)]
The purpose of this article is to provide authority to the Town Assessor to increase or decrease the amount of a veteran's exemption from taxation on real property if full value assessment is adopted as the method of assessment in the Grand Island Tax District.
The Assessor of the Town of Grand Island may adjust the amount of the exemption heretofore or hereafter granted veterans from taxation on real property, if the ratio between the exemption granted 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 full assessment. The amount of the exemption 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 or Assessors, as the case may be, in the manner provided in the Real Property Tax Law, and no application therefor need be filed by or on behalf of any owner of any eligible property.