The provisions of New York State Real Property Tax Law § 458-a,
Subdivision 2(d)(ii), as amended and as adopted herein, shall apply
only to the levy of real property taxes in the Town of Verona.
The Town of Verona hereby adopts and provides for an increase
in the maximum exemption allowable under § 458-a, Subdivision
2(a), (b) and (c) to $18,000, $12,000 and $60,000, respectively.
This article shall apply to an assessment roll prepared on the
basis of a taxable status date on or after January 1, 1998.
No refunds or retroactive entitlements shall be granted.