This article is adopted pursuant to the provisions of § 421-f of the Real Property Tax Law.
[Adopted 9-8-2014 by L.L. No. 19-2014]
The restoration and improvement of single- and two-family dwellings in the Village is important to the health, safety and general welfare of the Village. This real property tax exemption will provide an incentive for owners of such properties to make substantial improvements to their homes.
As used in this article, the following terms shall have the meanings indicated:
Any building or structure designed and occupied exclusively for residential purposes by not more than two families.
The Village of Saranac Lake.
Residential buildings reconstructed, altered or improved subsequent to the effective date of this article section shall be exempt from taxation and special ad valorem levies to the extent provided in § 421-f of the Real Property Tax Law.
If any section, subdivision, paragraph, subparagraph, clause, sentence, or part of this article shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder thereof, but shall be confined in its operation to the section, subdivision, paragraph, subparagraph, clause, sentence, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
This article shall take effect immediately upon its filing in the office of the Secretary of State in accordance with § 27 of the Municipal Home Rule Law. Copies of this article, including its effective date, shall be filed with the assessors for the towns within the Village.