The intent of the Board of Trustees of the Village of McGraw is to implement
§ 1402, Subdivision 3, of the Real Property Tax Law providing for
the voluntary termination of the village's status as an assessing unit,
as now provided in the Village Law and the Real Property Tax Law. It is also
the intent of this chapter to abolish the position of Assessor and to terminate
any and all responsibility as provided by law for the review of the assessments
of real property located within the Village of McGraw.
On or after the effective date of this chapter, taxes in the Village
of McGraw shall be levied on a copy of the applicable card of the assessment
roll of the Town of Cortlandville with the taxable status date of such town
controlling for village purposes.
Within five days of the effective date of this chapter, the Board of
Trustees of the Village of McGraw shall file a copy of such chapter with the
Clerk and Assessor of the Town of Cortlandville and with the State Board of
Equalization and Assessment.
This chapter shall become effective immediately upon the filing with
the Secretary of State; provided, however, that such chapter is subject to
a permissive referendum and the Village Clerk shall forthwith proceed to notice
such fact and conduct such referendum if required by petition.