[1]
Editor's Note: This local law also provided
that it shall apply to assessment rolls prepared on the basis of taxable
status dates occurring on or after 1-1-1998.
A.
Within the Town of Van Buren, the exemption for qualifying
residential real property, as defined in § 458-a of the
New York Real Property Tax Law, shall not exceed $27,000 for purposes
of the exemption provided in Subdivision 2(a) of said § 458-a.
B.
Within the Town of Van Buren, the exemption for qualifying
residential real property, as defined in § 458-a of the
New York Real Property Tax Law, shall not exceed $18,000 for purposes
of the exemption provided in Subdivision 2(b) of said § 458-a.
C.
Within the Town of Van Buren, the exemption for qualifying
residential real property, as defined in § 458-a of the
New York Real Property Tax Law, shall not exceed $90,000 for purposes
of the exemption provided in Subdivision 2(c) of said § 458-a.
[Added 5-5-1999 by L.L. No. 2-1999]
A.
The New York Legislature has adopted, and the governor
has signed into law, effective July 20, 1994, Chapter 410 of the Laws
of 1994 entitled, "An Act to Amend the Real Property Tax Law, in Relation
to Veterans' Exemptions, and to Repeal Subdivision 5 of § 458
of the Real Property Tax Law, Relating Thereto."
B.
The provisions of Real Property Tax Law § 458,
as amended by Chapter 410 of the Laws of 1994, effective July 20,
1994, relative to veterans' exemptions, shall apply to Town real property
taxes levied by the Town of Van Buren.
C.
Notwithstanding the limitation on the amount of exemption
prescribed in Subdivision 1 or 2 of Real Property Tax Law § 458,
if the total assessed value of the real property for which such exemption
has been granted increases or decreases as the result of a revaluation
or update of assessments and a material change in level of assessment
is certified for the assessment roll pursuant to the rules of the
State Board of Equalization and Assessment, the Assessor shall increase
or decrease the amount of such exemption by applying such change in
level of assessment. If the Assessor receives the certification after
the completion, verification and filing of the final assessment roll,
the Assessor shall certify the amount of exemption as recomputed pursuant
to this subsection to the local officers having custody and control
of the roll, and such local officers are hereby directed and authorized
to enter the recomputed exemptions certified by the Assessor on the
roll.
D.
Owners of property who previously received an exemption
pursuant to § 458 of the Real Property Tax Law, but who
opted instead to receive exemption pursuant to § 458-a of
the Real Property Tax Law, are hereby authorized to again receive
an exemption pursuant to § 458 of the Real Property Tax
Law upon application by the owner within one year after the adoption
of this section; provided, however, that no refunds or retroactive
entitlements shall be granted. The Assessor shall recompute the amount
of such exemptions by applying the cumulative change in level of assessments
certified by the State Board of Equalization and Assessment measured
from the assessment roll on which the owner's property last received
an exemption pursuant to § 458 of the Real Property Tax
Law.
E.
The provisions of this section shall be applied to
all assessment rolls prepared on the basis of a taxable status date
occurring on or after March 1, 2000.
