[Adopted 9-27-1984 by L.L. No. 4-1984; amended in its entirety 9-30-1985 by L.L. No. 4-1985]
Editor's Note: Local Law No. 3, adopted 9-27-1984, provided that no exemption shall be granted pursuant to Ch. 525 of the Laws of 1984, which chapter amends § 458 of the Real Property Tax Law.
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.