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.
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.