Village of Roslyn, NY Article VI Historic District Tax Exemption

[Adopted 5-16-2000 by L.L. No. 2-2000 (Ch. 32A of the 2000 Code)]

§ 420-33 Title.

This article shall be known and may be cited as the "Village of Roslyn Historic District Tax Exemption Law."

§ 420-34 Authority and purpose.

A. This article is enacted pursuant to the authority conferred upon villages by § 444-a of the Real Property Tax Law of the State of New York and intends to set forth the tax exemptions which are afforded by such section.

B. The purpose of this article is to bestow the benefit of § 444-a of the Real Property Tax Law upon the taxpayers of the Village with respect to certain alterations and rehabilitations of historic properties.

§ 420-35 Exemption authorized.

Historic property shall be exempt from taxation to the extent of any increase in value attributable to a qualifying alteration or rehabilitation pursuant to the following schedule:

Year of Exemption	Percent of Exemption
1	100%
2	100%
3	100%
4	100%
5	100%
6	80%
7	60%
8	40%
9	20%
10	0%

§ 420-36 Qualification for exemption.

Real property in the Village shall qualify for an exemption under this article for alteration or rehabilitation work performed thereon under the following conditions:

A. Such property is located within the Village's Historic/Scenic Overlay District or has been designated as an historic site pursuant to Article VIII, Historic Preservation, of Chapter 470, Zoning, of the Roslyn Code;

B. Alterations or rehabilitation must be made for the purpose of historic preservation;

C. Such alterations or rehabilitation of historic property must properly meet the guidelines and review standards set forth in the Village's Historic Preservation Law;

D. Such alterations or rehabilitation of historic property shall be approved by the Village's Historic District Board prior to commencement of work;

E. Alterations or rehabilitation must be commenced subsequent to the effective date of this article;

§ 420-37 Application for exemption.

The exemption authorized pursuant to this article shall be granted only by application of the owner or owners of the historic property on a form prescribed by the New York State Office of Real Property Services. The application shall be filed with the Village Assessor prior to January 1, the Village's tax status date, of any year for eligibility for the following tax year.

§ 420-38 Grant of exemption.

The exemption shall be granted where the Assessor is satisfied that the applicant is entitled to an exemption pursuant to this article. The Assessor shall approve such application and such property shall thereafter be exempt from taxation and special ad valorem levies as herein provided commencing with the assessment roll prepared on the basis of the taxable status date of January 1 referred to in § 420-37 herein. The assessed value of an exemption granted pursuant to this section shall be entered by the Assessor on the assessment roll for the taxable property, with the amount of the exemption shown in a separate column.

§ 420-39 Incorporation of state law.

All of the terms, conditions and exceptions as set forth in § 444-a of the Real Property Tax Law of the State of New York, as shall be amended from time to time, are adopted herein, unless otherwise specified, as though set forth in this article.