[Adopted 7-11-2018 by L.L. No. 7-2018]
As provided in Subdivision 7 of § 485-b of the Real Property Tax Law, the exemption table set forth in Subdivision 2(a) of that section shall be amended to read as follows:
Years of Exemption
Percentage of Exemption
1 through 10
0% each year
This article shall take effect immediately as provided in the Municipal Home Rule Law, and an additional copy shall be filed with the State Board of Real Property Services, the Ulster County Real Property Tax Service Agency (a division of the Ulster County Department of Finance), and the Assessor of the Town of New Paltz. Properties currently receiving exemptions would be excluded and continue to receive already approved exemptions.