The purpose of this article is to adopt § 485-a of
the New York State Real Property Tax Law providing for a residential-commercial
urban exemption program.
As used in this article, the following terms shall have the
following meanings:
APPLICANT
Any person obligated to pay real property taxes on the property
for which an exemption from real property taxes under this article
is sought.
COMMERCIAL CONSTRUCTION WORK
The modernization, rehabilitation, expansion or other improvement
of the portion of mixed-use property to be used for commercial purposes.
COMMERCIAL PURPOSE OR USE
The buying, selling or otherwise providing of goods or services,
including hotel/motel services, or other lawful business or commercial
activities permitted in mixed-use property. For the purposes of this
article, tourist accommodations and short-term rentals are not considered
a commercial purpose or use.
[Amended 1-18-2018 by L.L. No. 1-2018]
MIXED-USE PROPERTY
Property on which will exist, after completion of residential
construction work or a combination of residential construction work
and commercial construction work, a building or structure used for
both residential and commercial purposes.
PERSON
An individual, corporation, limited liability company, partnership,
association, agency, trust, estate, foreign or domestic government
or subdivision thereof, or other entity.
RESIDENTIAL CONSTRUCTION WORK
The creation, modernization, rehabilitation, expansion or
other improvement of dwelling units, other than guest sleeping rooms
in a hotel, tourist accommodation, short-term rental, or transient
rental, in the portion of a mixed-use property to be used for residential
purposes.
[Amended 1-18-2018 by L.L. No. 1-2018]