As used in this article, the following terms shall have the
following meanings:
APPLICANT
Any person obligated to pay real property taxes on real property
for which an exemption from taxes under this article is sought.
BENEFIT AREA
The area within the Village of Caledonia, to which an exemption,
established pursuant to this article, applies.
COMMERCIAL CONSTRUCTION WORK
The modernization, rehabilitation expansion or other improvement
of commercial use property or 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 services, or other lawful business or commercial activities
permitted upon mixed-use property.
COMMERCIAL USE PROPERTY
Real property on which will exist, after completion of commercial
construction work, a building used for commercial purposes or use.
MIXED-USE PROPERTY
Real 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.
MUNICIPALITY
The Village of Caledonia, which is located in a county having
a population of not less than 65,390 and not more than 65,400 as determined
by the federal decennial census for the year 2010.
RESIDENTIAL CONSTRUCTION WORK
The creation, modernization, rehabilitation, expansion or
other improvement of dwelling units, other than dwelling units in
a hotel, in the portion of mixed-use property to be used for residential
purposes.
Such exemption shall be granted only upon application by the
owner of the real property on a form prescribed by the NYS Commission
of Taxation and Finance. Such application shall be filed with the
Assessor of the municipality or county having the power to assess
property for taxation on or before the appropriate taxable status
date of such municipality or county.
If the Assessor is satisfied that the applicant is entitled to an exemption pursuant to this article, he or she shall approve the application and such real property shall thereafter be exempt from taxation and special ad valorem levies as provided in this article commencing with the assessment roll prepared after the taxable status date referred to in §
192-30 of this article. The assessed value of any exemption granted pursuant to this article shall be entered by the Assessor on the assessment roll with the taxable property, with the amount of the exemption shown in a separate column.