[Adopted 1-28-1997 by L.L. No. 1-1997[1]]
[1]
Editor's Note: This local law repealed former Art. III, Veterans
Proportional Exemption, adopted 12-23-1980 by L.L. No. 4-1980.
This Article III shall be known as the "Veterans Exemption Law of the Village of Solvay."
The purpose of Article III shall be to adopt the provisions of § 458 as amended, of the Real Property Tax Law of the State of New York.
The provisions of Real Property Tax Law § 458 as amended,
relative to Veterans Exemptions shall apply to village real property
taxes levied by or on behalf of the Village of Solvay.
A.
Notwithstanding the limitation on the amount of exemption prescribed
in Subdivision 1 or 2 of Real Property Tax Law § 458, if
the total assessed value of the real property for which such exemption
has been granted increase or decreases as the result of a revaluation
or update of assessments, and a material change in level of assessment
is certified for the assessment roll pursuant to the rules of the
State Board, the Assessor shall increase or decrease the amount of
such exemption by multiplying the amount of such exemption by such
change in level of assessment. If the Assessor receives the certification
after the completion, verification and filing of the final assessment
roll, the Assessor shall certify the amount of exemption as recomputed
pursuant to this subsection to the local officer having custody and
control of the roll, and such local assessor is hereby directed and
authorized to enter the recomputed exemption certified by the Assessor
on the roll.
B.
Owners of property who previously received an exemption pursuant
to this section, but opted instead to receive exemption pursuant to
§ 458-a within one year from the adoption of this article,
are hereby authorized to again receive an exemption pursuant to this
section. The Assessor shall recompute all exemptions granted pursuant
to this section by multiplying the amount of each such exemption by
the cumulative change in level of assessment certified by the State
Board measured from the assessment roll immediately preceding the
assessment roll on which exemptions were first granted pursuant to
§ 458-a; provided, however, that if an exemption pursuant
to this section was initially granted to a parcel on a late assessment
roll, the cumulative change in level factor to be used in recomputing
the exemption shall be measured from the assessment roll immediately
preceding the assessment roll on which that exemption was initially
granted. No refund or retroactive entitlement shall be granted.
C.
Alternative veteran's exemption increasing the maximum exemption
allowed by the following.
[Amended 4-28-1998 by L.L. No. 3-1998; 8-28-2007 by L.L. No.
8-2007]
D.
Such adjustments shall be made by the Assessor in the manner provided
in § 458. Subdivision 1 (3), of the Real Property Tax Law
of the State of New York and no application, therefore, need be filed
by or on behalf of any owner of any eligible property.
This Article III shall be applied retroactively to an assessment roll prepared on the basis of a taxable status date of occurring on or after March 1, 1994.
All local laws or ordinances or parts of local laws or ordinances in conflict with any part of Article III are hereby repealed.
