[Adopted 11-21-2013 by L.L. No. 1-2013]
The purpose and intent of this article is to grant assessment
relief for the 2012/2013 tax year for real property located in the
Town of Smithtown impacted by Superstorm Sandy.
The Town of Smithtown hereby adopts the provisions of the Superstorm
Sandy Assessment Relief Act of New York State in its entirety.[1]
[1]
Editor's Note: See L. 2013, Ch. 424, approved 10-22-2013.
The Town of Smithtown hereby elects to provide assessment relief
for real property that lost the following specified percentages of
its improved value due to Superstorm Sandy, as classified by the Assessor,
pursuant to § 4 of the Superstorm Sandy Assessment Relief
Act, by reducing the assessed value attributable to the improvements
on the 2012/2013 tax roll, provided that any exemptions which the
property may be receiving shall be adjusted as necessary to account
for such reduction in the total assessed value, by the following percentages:
|
Percentage Loss of Improved Value
|
Percentage Reduction of Improved Assessed Value
|
|---|---|
|
At least 10% but less than 20%
|
15%
|
|
At least 20% but less than 30%
|
25%
|
|
At least 30% but less than 40%
|
35%
|
|
At least 40% but less than 50%
|
45%
|
|
At least 50% but less than 60%
|
55%
|
|
At least 60% but less than 70%
|
65%
|
|
At least 70% but less than 80%
|
75%
|
|
At least 80% but less than 90%
|
85%
|
|
At least 90% but less than 100%
|
95%
|
|
At least 100%
|
100%
|
If any clause, sentence, paragraph, section, article, chapter
or part of this article shall be adjudged by any court of competent
jurisdiction to be invalid, such judgment shall not affect, impair
or invalidate the remainder thereof, but shall be confined in its
operation to the clause, sentence, paragraph, section, article, chapter
or part thereof directly involved in the controversy in which such
judgment shall have been rendered.
This article shall become effective immediately upon filing
with the New York State Secretary of State.
