An improvement to real property used only for
residential purposes as a one- , two- or three-family residence, to
the extent of any increase in value attributable to such improvement,
shall be exempt from taxation if such improvement is made for the
purpose of facilitating and accommodating the use and accessibility
of such real property by a resident owner who is physically disabled,
or by a member of the resident owner's household who is physically
disabled, if such member resides therein, provided that the resident
owner or resident member of the owner's household qualifies therefor
and application for such exemption is made as hereinafter set forth.
Upon a finding by the Assessor that the improvement
is necessary to facilitate and accommodate the use and accessibility
of the real property by a resident who is physically disabled and
who qualifies therefor, the Assessor shall approve the application
and enter the taxable assessed value of the parcel for which the exemption
is granted on the assessment roll with the taxable property with the
amount of the exemption in a separate column.
To be considered, the application for exemption
and the qualifying documents must be filed on or before the taxable
status date for the City of New Rochelle.