[Adopted 4-5-1982 by L.L. No. 1-1982; amended in its entirety 6-18-2007 by L.L. No. 4-2007]
A. 
Cessation of Village as assessing unit. Effective at the date described in Subsection F below, the Village shall cease to be an assessing unit.
B. 
Board of Assessment abolished. Effective at the date described in Subsection F below, the Village Board of Assessment shall be abolished.
C. 
Designation of Board of Trustees to serve as Board of Assessment abolished. Effective at the date described in Subsection F below, the designation of the Village Board of Trustees to serve also as the Village Board of Assessment shall be abolished.
D. 
Taxes to be levied on County Assessment Roll. Effective at the date described in Subsection F below, taxes in the Village shall be levied based upon a copy of the applicable part of the assessment roll of the County of Nassau, with the taxable status date of such County controlling for Village purposes.
E. 
Copy to be filed with county and state. Within five days of the effective date of this § 157-1, the Board of Trustees shall file a copy of the local law enacting this § 157-1 with the Clerk and Board of Assessors of the County of Nassau and with the New York State Office of Real Property Services.
F. 
When effective. This § 157-1 shall take effect immediately upon the effectiveness of all of the following: due publication of a legal notice of the adoption of same and of the fact that such adoption is subject to permissive referendum; either: the passing of the time following publication of such notice within which a petition for such referendum must be filed, without the timely filing of same; or the conducting of such referendum, if required by timely filed petition, and approval by the voters in such referendum of the termination of the Village's status as an assessing unit; and the filing with the Secretary of State of a copy of the local law enacting this § 157-1. This § 157-1 shall apply to the first taxable status date of the Village that occurs following the effectiveness of § 157-1, and remain in full force and effect unless and until rescinded by enactment by the Village of a subsequent local law under New York State Real Property Tax Law § 1402(3), as may be amended from time to time, subject to the referendum and notice provisions set forth therein.