[HISTORY: Adopted by the Board of Trustees
of the Village of Waterloo as indicated in article histories. Amendments
noted where applicable.]
GENERAL REFERENCES
Taxation — See Ch. 214.
[Adopted 5-22-1989 by L.L. No. 2-1989]
The intent of the Board of Trustees of the Village
of Waterloo is to implement § 1402, Subdivision 3, of the
Real Property Tax Law providing for the voluntary termination of the
Village's status as an assessing unit, as provided in the Village
Law and the Real Property Tax Law. It is also the intent of this article
to abolish the Board of Assessors and to terminate any and all responsibility
as provided by law for the review of the assessments of real property
located within the Village of Waterloo.
On or after the effective date of this article,
the Village of Waterloo shall cease to be an assessing unit.
The Board of Assessors in the Village of Waterloo
is hereby abolished.
The Board of Assessment Review in the Village
of Waterloo is hereby abolished.
On or after the effective date of this article,
taxes in the Village of Waterloo shall be levied on a copy of the
applicable part of the assessment rolls of the Towns of Waterloo and
Fayette, with the taxable status date of such towns controlling for
Village purposes.
[Amended 7-12-1999 by L.L. No. 3-1999]
Within five days of the effective date of this
article, the Board of Trustees of the Village of Waterloo shall file
a copy of such article with the Clerk and Assessors of the Towns of
Waterloo and Fayette and with the State Board of Real Property Services.[1]
[1]
Editor's Note: Most references in the Real Property Tax Law
to the State Board of Real Property Services have been revised to
refer to the Commissioner of Taxation and Finance (“Commissioner”).
This article shall take effect immediately upon
filing with the Secretary of State; provided, however, that such article
is subject to a permissive referendum, and the Village Clerk-Treasurer
shall forthwith proceed to notice such fact and conduct such referendum
if required by petition.
