It is the declared policy of this article to amend the method
of determining the veterans exemption on real property taxes for the
Village of Bath due to the change in the manner of assessing and the
adoption by the Village of full value assessment.
It is the intent and purpose of this article to regulate and
determine real property tax exemptions for veterans.
If the ratio between the exemption granted pursuant to § 458
of the Real Property Tax Law and the total assessed value for which
such exemption has been granted increases or decreases due only to
the adoption by the Village of Bath of full value assessments, the
amount of the exemption heretofore or hereafter granted shall be increased
or decreased in such subsequent year in the same proportion as the
total assessed value has been increased or decreased. Such adjustment
shall be made by the Assessor in the manner provided in § 458
of the Real Property Tax Law, and no application therefor need be
filed by or on behalf of any owner of any eligible property.