[Adopted 5-5-1981 by L.L. No. 1-1981]
This article shall be known as the "Veterans Proportional Exemption
Law of the Village of Camillus."
The purpose of this article is to preserve the ratio which each
veteran's exemption from taxation on real property bears to the total
assessed value of the real property for which such exemption has been
granted whenever such total assessed value increases or decreases
due only to a change in the manner of assessing.
The meanings of words and expressions as used in this article
shall be identical to their meanings as used in §§ 307
and 458, as amended, of the Real Property Tax Law of the State of
New York.[1]
[1]
Editor's Note: Real Property Tax Law § 307 expired
10-30-1981, pursuant to L. 1978, c. 476, § 5, as amended.
A.
If the ratio between the exemption granted under Subdivision I of
§ 458 of the Real Property Tax Law of the State of New York
and the total assessed value of the real property for which such exemption
has been granted increases or decreases due only to a change in the
manner of assessing, other than a court-ordered full-value assessment,
in the Village, the amount of the exemption heretofore or hereafter
granted shall be increased or decreased in such subsequent year in
the same proportion as the total assessed value has been increased
or decreased.
B.
Such adjustment shall be made by the assessors in the manner provided
in Paragraph 3 of Subdivision 1 of § 458 of the Real Property
Tax Law of the State of New York, and no application therefor need
be filed by or on behalf of any owner of any eligible property.
