[Adopted 2-11-2002 by L.L. No. 2-2002[1] (Ch. 51A of the 1968 Code)]
[1]
Editor's Note: This local law provided that
it shall apply to assessment rolls prepared on the basis of taxable
status dates occurring on or after 1-1-2002.
This article shall be entitled "Eligible Funds
Veteran Exemption Adjustment Law for the Village of Fairport, New
York."
This article is enacted to implement Real Property
Tax Law § 458(5)(a) and (b), respectively, to:
A.
Direct the Assessor for the Village of Fairport to
adjust the amount of the eligible funds veteran exemption based upon
reassessment of property within the Village of Fairport; and
B.
To permit veterans who had converted from eligible
funds veteran exemption, Real Property Tax Law § 458, to
the alternative veteran exemption, Real Property Tax Law § 458-a,
to change back to the eligible funds veteran exemption and obtain
the benefits of the amended provision of Real Property Tax Law § 458(5).
This article is enacted pursuant to Real Property
Tax Law § 458(5), as the same may be amended from time to
time.
The Assessor for the Village of Fairport is
hereby directed to increase or decrease the amount of eligible funds
veteran exemption, as a result of a revaluation or update of assessments,
by multiplying the amount of the exemption by the change in the level
of assessment for the Village of Fairport, as determined by and certified
by the New York State Office of Real Property Services, pursuant to
the rules of said office.
At any time within one year from the effective
date of this article, any property owner who previously received an
exemption pursuant to Real Property Tax Law § 458, the veteran
exemption, but who opted instead to receive an exemption under Real
Property Tax Law § 458-a, the alternative veteran exemption,
may apply to the assessor for the Village of Fairport to again receive
the veteran exemption, pursuant to Real Property Tax Law § 458.
