Nonresidential buildings that are converted to a mixture of
residential and commercial uses pursuant to § 485-a of the
New York State Real Property Tax Law shall be exempt from taxation
and special ad valorem levies levied.
Such exemption shall be granted only upon application by the
owner of such building on a form prescribed by the State Board of
Real Property Services. The application shall be filed with the Assessor
of the City of Batavia on or before the taxable status date of March
1. Any exemption pursuant to this article shall be granted only upon
application by the owner thereof on the form prescribed by the State
Board. The application shall be filed with the Assessor of the City
of Batavia on or before the taxable status date of March 1 to be eligible
for an exemption to be entered on the assessment roll prepared on
the basis of said taxable status date.
This article shall take effect immediately.