The Town Board of the Town of Royalton has determined that it
will be in the public interest to continue the exemption from taxation
on real property allowed to or with respect to veterans at the increased
proportion established by Royalton Local Law No. 1 of the year 1983
which was specifically passed pursuant to provisions of former § 458(5)(b)
of the Real Property Tax Law, which former section has subsequently
been declared unconstitutional by the Court of Appeals of the State
of New York. Pursuant to amendments of § 458(5) by Chapter
525 of the Laws of 1984, the Town is authorized to adopt a new local
law for such proportionate increase.
Pursuant to § 458(5)(a) of the Real Property Tax Law,
the amount of any exemption from taxation on real property in the
Town of Royalton which may be allowed to or with respect to veterans
pursuant to § 458 of the Real Property Tax Law shall be
increased by the same proportion that the total assessed value of
the property has been increased by the change in the manner of assessing
in the Town of Royalton.