[Adopted 10-24-2011 by L.L. No. 2-2011[1]]
[1]
Editor's Note: Former Art. V, Enforcement of Village Taxes, adopted 8-15-1994 by L.L. No. 1-1994 (Ch. 11 of the 1975 Code), as amended, was repealed 7-16-2007 by L.L. No. 6-2007.
A. 
After the Village has completed its revaluation and update of the 2012/2013 final assessment roll, the eligible funds exemptions granted to veterans in the Village under § 458 of the Real Property Tax Law shall be recomputed based on the change of level in assessment as of the taxable status date for the 2012/2013 final assessment roll.
B. 
After the Village has completed its revaluation and update of the 2012/2013 final assessment roll, veterans who had previously received eligible funds exemptions under § 458 of the Real Property Tax Law but had switched to the alternative veterans exemption under § 201-25 of the Village Code may switch back and receive the eligible funds exemption under § 458 of the Real Property Tax Law as recomputed with the change in level of assessment, provided that this switch back to the eligible funds exemption must be made within one year from the effective date of this article.