[Adopted 1-27-1995 by L.L. No. 1-1995]
The purpose of this article is to implement the authority granted
to local taxing jurisdictions by Bill No. 8472-A of the 1994 Laws
of the New York State Legislature, which legislation authorizes the
preservation of the level of veterans exemption received by veterans
prior to revaluation and full assessment of the Town of LaFayette.
Terms used in this article shall be subject to the definitions
of § 102 of the Real Property Tax Law.
[Amended 12-8-2020 by L.L. No. 2-2020]
The Assessor shall increase or decrease the amount of veterans
exemption granted pursuant to § 458 of the Real Property
Tax Law by multiplying the amount of such exemption by the change
in level of assessment factor, if the total assessed value of the
real property for which such exemption has been granted increases
or decreases as a result of any revaluation and material change in
level of assessment. This recomputed exemption shall be certified
by the Assessor on the roll.
This article shall apply only to all taxes levied by the Town
of LaFayette.
