The purpose of this article is to provide a
tax exemption for improvements, alterations and/or installations to
real property made for the purpose of removing of architectural barriers
for the disabled.
Any alteration, improvement and/or installation
made subsequent to the enactment of the Americans with Disabilities
Act of 1990 for the purpose of removing architectural barriers shall
be exempt from taxation.
In accordance herewith, such real property shall
be exempt pursuant to the following exemption schedule:
Year of Exemption
|
Percentage of Exemption
|
---|
1
|
50%
|
2
|
45%
|
3
|
40%
|
4
|
35%
|
5
|
30%
|
6
|
25%
|
7
|
20%
|
8
|
15%
|
9
|
10%
|
10
|
5%
|
No exemption shall be granted for alterations,
installations or improvements unless:
A. Such alterations, installations or improvements were
commenced subsequent to the effective date of this article.
B. If such alterations, installations or improvements were commenced prior to the effective date of this article but adopted pursuant to §
190-18 of this article, such alterations, installations or improvements may be subject to the exemption schedule of this article beginning from the date of such alterations, installations or improvements pursuant to the Americans with Disabilities Act of 1990 for existing buildings and shall not be eligible for refunds of property taxes or special ad valorem levies due to the exemption prior to the effective date of this article.
Such exemption shall be granted only upon application
by the owner or all the owners of such building on a form prescribed
by the State Board. The application shall be filed with the Assessor
of the Town on or before the appropriate taxable status date of this
article.
If satisfied that the applicant is entitled
to an exemption pursuant to this article, the Assessor shall approve
the application and such building shall thereafter be exempt from
taxation and special ad valorem levies as herein provided commencing
with the assessment roll prepared on the basis of the taxable status
date referred to hereinabove. The assessed value of any exemption
granted pursuant to this article shall be entered by the Assessor
on the assessment roll with the taxable property, with the amount
of the exemption shown in a separate column.