Village of Montour Falls, NY
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2023-04-20
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Part II: General Legislation
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Chapter 140 Taxation
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Article IV Capital Improvements Tax Exemption
- Part I: Administrative Legislation
- Ch 1 General Provisions
- Ch 3 Assessing Unit
- Ch 9 Defense and Indemnification
- Ch 10 Credit Card Payments
- Ch 14 Ethics, Code of
- Ch 30 Procurement Policy
- Ch 31 Exemption to Competitive Bidding
- Ch 36 Smoking
- Ch 38 Terms of Office
- Part II: General Legislation
- Ch 47 Alcoholic Beverages
- Ch 51 Animals
- Ch 52 Assessment of Costs
- Ch 54 Bicycles
- Ch 57 Bingo
- Ch 62 Building Construction and Fire Prevention
- Ch 66 Buildings, Unsafe
- Ch 67 Cannabis
- Ch 68 Cemetery
- Ch 71 Curfew
- Ch 75 Demolition Permits
- Ch 76 Energy
- Ch 78 Firearms
- Ch 80 Flood Damage Prevention
- Ch 84 Games of Chance
- Ch 91 Littering
- Ch 97 Parking
- Ch 99 Parks and Recreation Areas
- Ch 103 Peddling and Soliciting
- Ch 108 Property Maintenance
- Ch 112 Records, Public Access to
- Ch 114 Rental Property
- Ch 115 Rental Housing, Inspection of
- Ch 116 Property, Vacant
- Ch 117 Sewers
- Ch 122 (Reserved)
- Ch 125 Skateboards
- Ch 128 Solid Waste
- Ch 133 Streets and Sidewalks
- Ch 140 Taxation
- Ch 140 Art IV Capital Improvements Tax Exemption
- § 140-25 Findings.
- § 140-26 Purpose.
- § 140-27 Exemption granted.
- § 140-28 Filing.
- Ch 147 Vehicles and Traffic
- Ch 150 Vehicles, Inoperable
- Ch 152 Vehicles, Off-Highway
- Ch 156 Water
- Ch 160 Zoning and Subdivision of Land
- Disposition List
- Ch DL Disposition List
[Adopted 12-6-1993 by L.L. No. 5-1993]
The Village Board finds that the promotion of
capital improvements to residential real estate will serve to upgrade
community housing stocks, eventually increase the tax base and promote
the general welfare.
It is the purpose of this article to provide
for residential real property owners in the Village of Montour Falls
the benefits of the graduated tax exemption for capital improvements
as specified in the amendment to § 421-f of the Real Property
Tax Law.
Capital improvements to residential buildings
made after the effective date hereof shall be exempted from taxation
and special ad valorem levies under the conditions and to the extent
provided by Chapter 704 of Laws of 1993 (Real Property Tax Law § 421-f),
all of the applicable provisions of which are hereby incorporated
by reference as if fully set forth herein.
A copy of this article shall be filed with the
State Board of Equalization and Assessment contemporaneously with
filing at the New York State Secretary of State.
