[Adopted 4-28-2008 by L.L. No. 1-2008]
This article shall be known as the "Veterans Eligible Funds
Adjustment Law of the Town of Barton."
Whereas the Town of Barton is in the process of reassessment,
it is the purpose and intent of this article to implement § 458,
Subdivision 5, of the Real Property Tax Law of the State of New York,
to direct the Town Assessor to adjust the amount of the eligible funds
veterans exemption based upon the current reassessment of property
within the Town back to the effective tax roll date of March 1, 2008,
together with any future reassessment and to permit veterans who had
converted from eligible funds veterans exemption to the alternative
veterans exemption as a result of a revaluation or update to change
back to eligible funds veterans exemption and obtain the benefits
of the amended provision of the Real Property Tax Law.
The Town Board of the Town of Barton hereby recognizes that
the total assessed value of the real property for which an exemption
has been granted pursuant to Subdivision 1 or 2 of § 458
of the Real Property Tax Law will be increased or decreased as a result
of a revaluation or update, and a material change in the level of
assessment will be certified for the assessment roll of the Town of
Barton pursuant to the rules of the New York State Office of Real
Property Services.
The Assessor of the Town of Barton is hereby directed to increase
or decrease the amount of the eligible funds veterans exemption by
multiplying the amount of the exemption by the change in the level
of assessment for the Town of Barton, as determined by and certified
by the New York State Office of Real Property Services pursuant to
the rules of said Office.
The Town Assessor shall recompute all exemptions granted pursuant
to § 458 in the manner set forth in § 458, Subdivision
5(b), of the Real Property Tax Law for the tax roll year of 2008,
nunc pro tunc, to March 1, 2008.
