[Adopted 1-1-1985 by L.L. No. 1-1985]
If the ratio between the veterans exemption granted on real
property within the Town of Stockport pursuant to the provisions of
§ 458 of the Real Property Tax Law and the total assessed
value of said real property for which such exemption has been granted
increases or decreases due only to a Town-wide full value reassessment,
the amount of said veterans exemption heretofore or hereafter granted
will be increased or decreased in subsequent year in the same proportion
that the total assessed value of said property has been increased
or decreased as the result of the Town-wide full value reassessment.
Any adjustment in the veterans' exemption required under § 108-1 hereof shall be made by the Town Assessor in the manner provided in § 458, Subdivision 1(3), of the Real Property Tax Law, and no application therefor need be filed by or on behalf of any owner of eligible property.
