[Adopted 4-13-1981 by L.L. No. 2-1981]
The amount of the exemption heretofore or hereafter granted
to veterans 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 assessors in the manner
provided in § 458, Subdivision 1(3), of the Real Property
Tax Law.
No application therefor need be filed by or on behalf of any
owner of any eligible property.
This article is contingent upon and effective only on the condition
that the ratio between the exemption granted pursuant to § 458,
Subdivision 5(a) and (b), of the Real Property Tax Law and the total
assessed value of the real property for which such exemption has been
granted increases or decreases in the Town of Lenox due only to:
