[Ord. 1995-6, 12/28/1995, § 1]
As used in this Part, the following words and phrases shall
have the meanings set forth below:
Any industrial, commercial or other business property owned
by an individual partnership, association or corporation and located
in an investment opportunity area, as hereinafter provided, or any
such property which has been the subject of an order by a governmental
agency requiring the property to be vacated, condemned or demolished.
Repair, construction or reconstruction, including alterations
and additions, having the effect of rehabilitating a deteriorated
property so that it becomes habitable or attains higher standards
of safety, health, economic use or amenity or is brought into compliance
with laws, ordinances or regulations governing such standards. Ordinary
upkeep and maintenance shall not be deemed an improvement. No residential
homes, apartments or other living establishments will be included.
All property within the commercial and industrial zones of
the Township of Vernon.
The Township of Vernon and Crawford Central School District
and the County of Crawford or any other governmental entity having
the authority to levy real property taxes within the Township of Vernon.
The Township of Vernon.
[Ord. 1995-6, 12/28/1995, § 2]
From and after the effective date of this Part and subject to
the limitations hereinafter stated or provided for by law, there is
hereby exempted from real estate taxation levied, assessed or imposed
by the Township of Vernon the assessed valuation of industrial, commercial
or other business property located in an investment opportunity area
of the Township of Vernon or such other property which has been the
subject of an order by a governmental agency requiring the property
to be vacated, condemned or demolished by reason of noncompliance
with laws, ordinances or regulations.
[Ord. 1995-6, 12/28/1995, § 3]
1.
The exemption granted herein shall be subject to the following limitations:
A.
Exemption from real property taxes shall be limited to:
(1)
The exemption schedule established in this Part.
(2)
That portion of the additional assessment attributable to the
actual cost of improvements to the deteriorated property.
(3)
The assessment valuation attributable to the cost of construction
of a new industrial, commercial or other business unit.
B.
In all cases the exemption from taxes shall be limited to that portion
of the additional assessment attributable to the improvements or new
construction, as the case may be, and for which a separate assessment
has been made by the Crawford County Board of Assessment Appeals and
for which an exemption has been separately requested.
C.
No tax exemption shall be granted if the property owner does not
secure the necessary and proper permits prior to improving the property.
D.
In any case, after the effective date of this Part, when deteriorated
property is damaged, destroyed or demolished by any cause or for any
reason and the assessed valuation of the property affected has been
reduced as a result of the said damage, destruction or demolition,
an exemption from real property taxation authorized by this Part shall
be limited to that portion of the new assessment attributable to the
actual cost of improvements or construction that is in excess of the
original assessments that existed prior to the damage, destruction
or demolition of the property.
[Ord. 1995-6, 12/28/1995, § 4]
1.
The following real estate tax exemption schedule shall be in effect
when the owner or lessor shall commence use of said property for five
years immediately following completion of new construction or completion
of an improvement to an existing structure the following real estate
tax exemption shall be in effect:
|
Length
|
Portion Exempt
|
|---|---|
|
1st year
|
50% of the eligible assessment
|
|
2nd year
|
40% of the eligible assessment
|
|
3rd year
|
30% of the eligible assessment
|
|
4th year
|
20% of the eligible assessment
|
|
5th year
|
10% of the eligible assessment
|
|
After the fifth year, the exemption shall terminate absolutely,
and the entire assessed value of the property, including all improvements
previously subject to exemption pursuant to the terms of this Part,
shall be fully taxable.
|
2.
The exemption from taxes granted under this Part shall be on the
property excepted and shall not terminate upon the sale or exchange
of the property but shall continue for the full time originally granted.
3.
If an eligible property is granted tax exemption pursuant to this
Part the improvement shall not, during the exemption period, be considered
as a factor in assessing other properties.
4.
If the use of the property at the time the exemption is granted is
modified, terminated or changed during the five-year period and in
any way which would have affected the exemption if the property had
been so used when the exemption was granted, then, at the option of
the Board of Supervisors of Vernon Township, the exemption shall terminate
as of the date the use was modified or terminated if the Board of
Supervisors of Vernon Township determines that continuation of the
exemption would be inconsistent with the purposes of this Part and
the enabling Act of Assembly.
[Ord. 1995-6, 12/28/1995, § 5]
All building permit applications within the Township of Vernon
shall, from and after the effective date hereof, be accompanied by
a written notice to the applicant of the existence of this Part, the
exemption granted hereby and of the procedures necessary to obtain
exemption in accordance with the terms of this Part.
[Ord. 1995-6, 12/28/1995, § 6]
1.
Any person desiring tax exemption pursuant to this Part shall apply
to the Township of Vernon at the time the building permit is secured
for construction of the improvement. The application shall be in writing
upon forms specified by the Township of Vernon setting forth the following
information:
A.
The date the building permit was issued for said improvements.
B.
Location of the property to be improved.
C.
The nature of the property to be improved (i.e., industrial, commercial,
etc.).
D.
The type of improvement.
E.
The cost of the improvement.
F.
If the property has been inspected and verified by the Township Manager
or his agent.
G.
Such additional information as the Township of Vernon may require.
2.
A copy of the exemption request shall be forwarded to the County
Board of Assessment by the Township Manager. The Board shall determine
and it shall assess separately the improvements and calculate the
amounts of the assessment eligible for the tax exemption in accordance
with the limit established by this Part and notify the taxpayer and
local taxing authorities of the reassessment and amount of the assessment
eligible for tax exemption. In the case of new construction, the Board
shall assess separately the unit and land upon which the new construction
stands and shall otherwise perform its duties as above provided for
construction of improvements to properties.
3.
The cost of improvements to be exempted and the schedule of tax exemption
existing at the time of the initial request for tax exemption shall
be applicable to that exemption request and subsequent amendments
to this Part shall not apply to requests initiated prior to their
adoption.
4.
Appeals from reassessment on the amount eligible for the exemption
may be taken by the Township of Vernon or by the taxpayer as provided
by law.
[Ord. 1995-6, 12/28/1995, § 7]
No amendments to this Part shall be effective unless consented
to by resolution or ordinance of each local taxing authority which
has consented to be bound by the terms of this Part.
[Ord. 1995-6, 12/28/1995, § 8]
This Part shall automatically terminate five years following
the effective date hereof; provided, however, that any taxpayer who
has received or applied for the exemption granted by this Part prior
to the expiration date herein provided shall, if said exemption is
granted, be entitled to the full exemption authorized herein. This
section shall not prevent the Township of Vernon, however, from repealing
this Part or any section thereof before the five years upon proper
action of the Vernon Township Board of Directors.
[Ord. 1995-6, 12/28/1995, § 9]
Any exemption made permissible under this Part shall not be
applied to any residential homes, apartment buildings or other living
establishments except hotels and motels which rent rooms to travelers
on a short-term basis.
