Village of Akron, NY Article III Veterans Exemption

[Adopted 10-21-1985 by L.L. No. 4-1985]

§ 146-20 Adjustments in amount of exemption.

A. As provided in Subdivision 5(a) of § 458 of the Real Property Tax Law, and subject to the limitations contained in said Subdivision 5(a), if the ratio between the exemption for veterans granted under § 458 of the Real Property Tax Law and the total assessed value of the real property for which such exemption has been granted increases or decreases due only to a full value assessment in the Village of Akron, the assessing unit in which the property is located, the amount of the exemption heretofore or hereafter granted shall be increased or decreased in such subsequent year in the same proportion as the total assessed value has been increased or decreased.

B. The adjustment provided for in the foregoing section shall be made by the Assessor in the manner provided in Subdivision 1(3) of § 458 of the Real Property Tax Law. No application therefor need be filed by or on behalf of any owner of any eligible property.