Applications for STAR exemptions for each school
year may be submitted on or before the taxable status date of the
current year's assessment roll.
This article applies to assessment rolls based
upon taxable status dates occurring on or after the date of this local
law and shall remain applicable thereafter unless and until the repeal
or recession of this article.
Following the adoption of this article, the
eligibility of property for a STAR exemption for a school year shall
be based upon the condition of the property as of the taxable status
date of the prior year's assessment roll and the ownership of the
property as of the taxable status date of the current year's assessment
roll.
When a STAR application is approved, the prior
year's assessment roll shall be revised accordingly.
When a STAR application is denied, the applicant
may seek administrative and judicial review of the denial, subject
to the same timing constraints that apply to persons seeking review
of assessments appearing on the current year's assessment roll.
For the purposes of this article, the following
terms shall have the meanings indicated:
CURRENT YEAR'S ASSESSMENT ROLL
The final assessment roll which is required by law to be
completed in the calendar year that contains the first day of the
school year in question. The final assessment roll which was required
by law to be completed in the calendar year immediately preceding
the calendar year that contains the first day of the school year in
question.