Town of Elmira, NY
Chemung County
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[HISTORY: Adopted by the Town Board of the Town of Elmira as indicated in article histories. Amendments noted where applicable.]
[Adopted 10-17-2016 by L.L. No. 3-2016]
This article shall be referred to as "Opt-Out of Real Property Tax Law § 487."
It is the intent of this article to provide no exemption from taxation as authorized in Real Property Tax Law § 487.
This article was enacted pursuant to Subdivision 8 of § 487 of the Real Property Tax Law of the State of New York, as well as the Municipal Home Rule Law (MHRL), with the procedural provisions of the MHRL controlling.
The Town Board of the Town of Elmira shall not permit any exemption from taxation within its jurisdiction pursuant to § 487 of the Real Property Tax Law of the State of New York with respect to any solar energy system constructed subsequent to the effective date of this article.
[Adopted 1-21-2020 by L.L. No. 1-2020]
A. 
The purpose of this article is to authorize a limited exemption from real property taxes for residential real property owned by veterans and their surviving spouses who rendered military service to the United States during the "Cold War" pursuant to § 458-b of the Real Property Tax Law.
B. 
Pursuant to Subdivision 2(c)(ii) of § 458-b of the Real Property Tax Law, if a Cold War veteran receives the exemption under § 458 or § 458-a of the Real Property Tax Law, the Cold War veteran shall not be eligible for this exemption.
Pursuant to Subdivision 2(c)(iii) of § 458-b of the Real Property Tax Law, the exemption authorized shall apply to qualifying owners of qualifying real property for as long as they remain qualifying owners, without regard to a ten-year limitation.
A. 
Pursuant to Subdivision 2(a) of § 458-b of the Real Property Tax Law of the State of New York, and subject to definitions, limitations and requirements of said § 458-b, the Town of Elmira hereby adopts the qualifying residential real property exemption under Subdivision 2(a)(i) of § 458-b of the Real Property Tax Law of the State of New York, that is, an exemption in the amount of 15% of the assessed value of such property; provided, however, that such exemption, as permitted by Subdivision 2(c)(iii), shall not exceed $12,000 or the product of $12,000 multiplied by the latest state equalization rate of such property's assessing unit, or, in the case of a special assessing unit, the latest class ratio, whichever is less.
B. 
Pursuant to Subdivision 2(b) of § 458-b of the Real Property Tax Law of the State of New York, and subject to the definitions, limitations and requirements of said § 458-b, the Town of Elmira hereby adopts the qualifying residential real property exemption under Subdivision 2(b) of § 458-b of the Real Property Tax Law of the State of New York, that is, an exemption in the amount equal to the extent of the product of the assessed value of such property, multiplied by 50% of the Cold War veteran disability rating; provided, however, that such exemption, as permitted by Subdivision 2(c)(iii), shall not exceed $40,000 or the product of $40,000 multiplied by the latest state equalization rate for the assessing unit, or, in the case of a special assessing unit, the latest class ratio, whichever is less.
This article shall take effect immediately upon its filing with the Secretary of State and shall be applicable to all assessment rolls prepared pursuant to the first taxable status date occurring on or after the effective date of this article.