[Adopted 2-10-1998 by L.L. No. 5-1998]
A.
Pursuant to § 444-a of the Real Property
Tax Law of the State of New York, the Town Board of the Town of Huntington,
after due consideration, has provided for a partial real property
tax exemption for qualified alterations and rehabilitation of certain
historic real property not to exceed the amounts specified therein.
B.
No exemption shall be granted for such alterations
or rehabilitation unless:
(1)
Such property has been designated as a landmark, or
is a property that contributes to the character of an historic district,
created by a local law;
(2)
Alterations or rehabilitation must be made for means
of historic preservation;
(3)
Such alterations or rehabilitation of historic property
are approved by the Historic Preservation Commission of the Town of
Huntington prior to commencement of work;
(4)
The alterations or rehabilitation must otherwise result
in an increase in the assessed valuation of the real property; and
(5)
Alterations or rehabilitation are commenced subsequent
to the effective date of this article.
C.
Such historic property shall be exempt from taxation
to the extent of any increase in value attributable to such alteration
or rehabilitation pursuant to the following schedule:
|
Year of exemption
|
Percent of Exemption
| |
|---|---|---|
|
1
|
100%
| |
|
2
|
100%
| |
|
3
|
100%
| |
|
4
|
100%
| |
|
5
|
100%
| |
|
6
|
80%
| |
|
7
|
60%
| |
|
8
|
40%
| |
|
9
|
20%
| |
|
10
|
0%
|
D.
Application for exemption; approval.
(1)
The exemption may be granted only upon application
of the owner or owners of such historic real property on a form prescribed
by the New York State Office of Real Property Services, or any successor
agency.
(2)
The application must be filed with the Assessor on
or before the appropriate taxable status date.
(3)
The exemption shall be granted where the Assessor
is satisfied that the applicant is entitled to an exemption pursuant
to this section.
E.
All of the terms, conditions and exceptions as set
forth in § 444-a of the Real Property Tax Law of the State
of New York, as amended, are adopted herein unless otherwise specified,
as though fully set forth within this article.
