[Adopted 2-2-1999 by L.L. No. 2-1999]
This article shall be entitled "A local law
providing a change in the amount of veterans' exemption and to permit
veterans to reapply for the exemption of Real Property Tax Law § 458."
The purpose of this article is to adjust the
amount of the veterans' exemption to the assessed valuation of property
on which the exemption was granted following a revaluation or update
of assessments, as authorized by Real Property Tax Law § 458,
Subdivision 5, Paragraph (a), and to permit veterans to reapply for
the exemption under Real Property Tax Law, § 458, as authorized
by Paragraph (b) of Subdivision 5 of § 458 of the Real Property
Tax Law.
A.
If the total assessed value of real property for which
an exemption has been granted pursuant to § 458 of the Real
Property Tax Law has been increased or decreased as a result of a
revaluation or update of assessments in the Town of Irondequoit, and
a material change in level of assessment has been certified by the
State Board of Real Property Services for the assessment roll on which
such property is assessed, the Assessor shall increase or decrease
the amount of such exemption by multiplying the amount of such exemption
by such change in level of assessment.
B.
In accordance with Paragraph (a) of Subdivision 5
of such § 458, if the Assessor receives the certification
from the State Board after the final assessment roll has been filed,
the Assessor shall certify the amount of the recomputed exemption
to the officer having custody and control of the roll who is directed
and authorized by such statute to enter the recomputed exemption on
the roll.
C.
A veteran who had received an exemption under such
§ 458 and who had opted for the alternate exemption of § 458-a
of such law may reapply for the exemption under § 458, as
authorized by Paragraph (b) of Subdivision 5 of such § 458,
if such veteran applies within one year from the effective date of
this article.
This article shall take effect on March 1, 2000.
