[Adopted 8-6-2024 by L.L. No. 7-2024, approved 8-12-2024]
The Common Council of the City of Kingston adopts 421-P of the
Real Property Tax Law.
The City of Kingston designates the entire municipality as the
421-P benefit area.
This exemption shall apply to qualifying rental multiple dwelling
units in accordance with the attached five sections.[1]
[1]
Editor's Note: Said five sections are included as an attachment to this chapter.
Property owners shall be eligible to apply for the 421-P exemption
once they have received approval from the Planning Department for
the creation of the qualifying rental multiple dwelling units.
The City of Kingston Assessor shall approve, carry out, and
revoke 421-P exemption status in accordance with the attached five
sections.
If any provisions of this article are held to be unconstitutional
or otherwise invalid by any court of competent jurisdiction, the remaining
provisions of the article shall remain in effect.
This article shall take effect upon filing with the Secretary
of State.
