[Derived from Ch. 83 of the 1978 Code]
The purpose of this article is to provide an
exemption for residential property of physically disabled persons
residing in the Village of New Paltz to the extent authorized by § 459
of the Real Property Tax Law of the State of New York.
Any improvement to any real property used solely
for residential purposes as a one-, two- or three-family residence
shall be exempt from taxation to the extent of any increase in value
attributable to such improvement if such improvement is used for the
purpose of facilitating and accommodating the use and accessibility
of such real property by (a) a resident owner of the real property
who is physically disabled, or (b) a member of the resident owner's
household who is physically disabled, if such member resides in the
real property.
The provision of § 459 of the Real
Property Tax Law of the State of New York, as amended through the
effective date of this article, together with any further acts of
the Legislature amendatory thereof or supplemental thereto, shall
apply and govern the determination of the exemption from taxation
permitted by this article as if such § 459 had been more
particularly set forth herein.
