Town of Union, NY Business Investment Exemption

A first specific limited business investment exemption, as provided for in Real Property Tax Law § 485-b, in the Town of Union shall be limited to the following criteria. The geographic area for said exemption is bounded to the east from the intersection of Harry L. Drive and Airport Road, to the west to a point 200 yards west of the intersection of Watson Boulevard and Country Club Road, to the south from the New York State right-of-way on the north side of NYS Route 17, and to the north to a point 100 yards north of Harry L. Drive, and for Reynolds Road only to the north to a point 100 yards north of Fairview Avenue.

The specific requirements or criteria applicable to the above-defined geographic area in order to qualify for said limited RPTL 485-b real property tax exemption are:

The subject site must have undergone verified and substantiated expenditures of at least $50,000 for the new construction, renovations, and/or alterations;

The completed project must generate additional real estate tax revenues to the applicable taxing authorities;

The subject site must be verified in writing by the Town of Union prior to construction, renovation and/or alteration to be within the specific defined geographic boundaries for said RPTL 485-b real property tax exemption;

The New York State RPTL 485-b tax exemption application must be filed by the owner of the subject property with the Town of Union Assessor between January 1 and March 1 for any year where the verifiable construction, renovation and/or alteration work has progressed in the prior twelve-month period.

The additional general requirements or criteria applicable to the above-defined geographic area in order to qualify for said limited RPTL 485-b real property tax exemption are:

The applicant owner must meet or otherwise be in compliance with all New York State, Town of Union, and Village zoning requirements and have received all required site plan approvals;

The applicant owner will not be entitled to apply for, or receive, any other real property tax exemptions for the subject site;

The New York State RPTL 485-b tax exemption application by the owner applicant must be in conformance with the requirements of the New York State Real Property Tax Law and be reviewed and approved by the Town of Union Assessor.

C.

Second specific exemption.

A second specific limited business investment exemption, as provided for in Real Property Tax Law § 485-b, in the Town of Union shall be limited to the following criteria. The geographic area for said exemption is bounded to the east from the intersection of Hooper Road and Watson Boulevard, to the west to a point 100 feet west of the intersection of Watson Boulevard and Knight Avenue, to the south with respect to properties facing on Watson Boulevard to a point 100 yards south of Watson Boulevard, and to the north respect to properties facing on Watson Boulevard to a point 100 yards north of Watson Boulevard.

The specific requirements or criteria applicable to the above-defined geographic area in order to qualify for said limited RPTL 485-b real property tax exemption are:

The subject site must have undergone verified and substantiated expenditures of at least $50,000 for the new construction, renovations, and/or alterations;

The completed project must generate additional real estate tax revenues to the applicable taxing authorities;

The subject site must be verified in writing by the Town of Union prior to construction, renovation and/or alteration to be within the specific defined geographic boundaries for said RPTL 485-b real property tax exemption;

The New York State RPTL 485-b tax exemption application must be filed by the owner of the subject property with the Town of Union Assessor between January 1 and March 1 for any year where the verifiable construction, renovation and/or alteration work has progressed in the prior twelve-month period.

The additional general requirements or criteria applicable to the above-defined geographic area in order to qualify for said limited RPTL 485-b real property tax exemption are:

The applicant owner must meet or otherwise be in compliance with all New York State, Town of Union, and Village zoning requirements and have received all required site plan approvals;

The applicant owner will not be entitled to apply for, or receive, any other real property tax exemptions for the subject site;

The New York State RPTL 485-b tax exemption application by the owner applicant must be in conformance with the requirements of the New York State Real Property Tax Law and be reviewed and approved by the Town of Union Assessor;

This exemption shall not apply to any residential use real property.

D.

Third specific exemption.

[Added 4-15-2009 by L.L. No. 5-2009]

A third specific limited business investment exemption, as provided for in Real Property Tax Law § 485-b, in the Town of Union shall be limited to the following criteria. The geographic area for said exemption is bounded at or along East Main Street approximately between River Road to the east and the Town of Union/Village of Endicott boundary to the west as more fully detailed on a map with the exact identification of such properties.

The specific requirements or criteria applicable to the above-defined geographic area in order to qualify for said limited RPTL 485-b real property tax exemption are:

The subject site must have undergone verified and substantiated expenditures of at least $50,000 for the new construction, renovations, and/or alterations;

The completed project must generate additional real estate tax revenues to the applicable taxing authorities;

The subject site must be verified in writing by the Town of Union prior to construction, renovation and/or alteration to be within the specific defined geographic boundaries for said RPTL 485-b real property tax exemption;

The New York State RPTL 485-b tax exemption application must be filed by the owner of the subject property with the Town of Union Assessor between January 1 and March 1 for any year where the verifiable construction, renovation and/or alteration work has progressed in the prior twelve-month period.

The additional general requirements or criteria applicable to the above-defined geographic area in order to qualify for said limited RPTL 485-b real property tax exemption are:

The applicant owner must meet or otherwise be in compliance with all New York State, Town of Union, and village zoning requirements and must have received all required site plan approvals;

The applicant owner will not be entitled to apply for, or receive, any other real property tax exemptions for the subject site;

The New York State RPTL 485-b tax exemption application by the owner applicant must be in conformance with the requirements of the New York State Real Property Tax Law and must be reviewed and approved by the Town of Union Assessor;

This exemption shall not apply to any residential use real property.

E.

Fourth specific exemption.

[Added 4-20-2011 by L.L. No. 4-2011]

The fourth specific limited business investment exemption as provided for in the Real Property Tax Law § 485-b in the Town of Union shall be limited to the following criteria: The geographic area bounded as follows: to the east: from properties fronting on the west side of Madison Avenue; to the west: from properties fronting on the east side of Garfield Avenue; to the south: from the north side of East Main Street; and to the north: from the south side of North Street.

The specific requirements or criteria applicable to the defined geographic area in order to qualify for said limited RPTL 485-b real property tax exemption are:

An expenditure of at least $1,000 for new construction, renovations or alterations must be made;

The completed project must generate additional tax revenue to the taxing authorities;

The subject site must be verified, prior to construction, to be within the required geographic boundaries;

The New York State RPTL 485-b exemption application must be filed with the Town of Union Tax Assessor between January 1 and March 1 of any year where work has progressed in the prior twelve-month period.

The additional general requirements or criteria applicable to the above defined geographic area in order to qualify for said limited RPTL 485-b real property tax exemption are:

The applicant must meet all state, town, and village zoning requirements, and receive required site plan approvals;

The applicant will not be entitled to apply for, or receive, any other tax exemptions;

The exemption application must be reviewed and approved by the Town of Union Tax Assessor as per the requirements of the New York State Real Property Tax Law;

The exemption does not apply to any residential use property.

F.

Fifth specific exemption.

[Added 4-20-2011 by L.L. No. 4-2011]

The fifth specific limited business investment exemption as provided for in the Real Property Tax Law § 485-b in the Town of Union shall be limited to the following criteria: The geographic area bounded as follows to the east: from a point where Main Street meets the City of Binghamton Boundary; to the west: to the intersection of North Arch Street and Main Street; to the south: frontage on the south side of Main Street; and to the north: frontage on the north side of Main Street, and from the east side of North Arch Street to the west side of Lester Avenue: all tax map parcels located south of the railroad tracks.

The specific requirements or criteria applicable to the defined geographic area in order to qualify for said limited RPTL 485-b real property tax exemption are:

An expenditure of at least $1,000 for new construction, renovations or alterations must be made;

The completed project must generate additional tax revenue to the taxing authorities;

The subject site must be verified, prior to construction, to be within the required geographic boundaries;

The New York State RPTL 485-b exemption application must be filed with the Town of Union Tax Assessor between January 1 and March 1 of any year where work has progressed in the prior twelve-month period.

The additional general requirements or criteria applicable to the above defined geographic area in order to qualify for said limited RPTL 485-b real property tax exemption are:

The applicant must meet all state, town, and village zoning requirements, and receive required site plan approvals;

The applicant will not be entitled to apply for, or receive, any other tax exemptions;

The exemption application must be reviewed and approved by the Town of Union Tax Assessor as per the requirements of the New York State Real Property Tax Law;