[Adopted 7-19-2006 by L.L. No. 5-2006]
This article shall be entitled "Providing Tax Abatement for Improvements Made in Furtherance of Local Landmark or Historic District Designations."
The Village Board finds that alteration, rehabilitation and renovation work on historic properties designated as local landmarks or as being within historic districts pursuant to § 195-60 of the Village Code tends to be more expensive than similar work on other properties due to the nature of the work and because more costly materials may be required. Furthermore, it serves the public good to restore and preserve such properties. The purpose and intent of this article is to provide a property tax incentive to encourage investment in and rehabilitation of historic properties. Whereas, the Village Board has no authority to cause abatements other than with respect to Village taxes, notice of this article shall be given to other real-property-taxing entities with the encouragement that they consider so acting by companion legislation or by resolution, as the case might be.
A. 
Historic property shall be exempt from taxation of Village taxes to the extent of any increase in value attributable to the alteration, rehabilitation or renovation of such property pursuant to the following schedule:
Year of Exemption
Percent of Exemption
1 through 5
100%
6
80%
7
60%
8
40%
9
20°A
10
0%
B. 
No such exemption shall be granted for such alterations or rehabilitation unless:
(1) 
Such property has been designated as a landmark or is a property within and that contributes to the character of a historic district, by virtue of § 195-60 of this Code, the local preservation law.
(2) 
Alterations or rehabilitation must be made for means of historic preservation.
(3) 
Such alterations or rehabilitation of historic property meets guidelines and review standards set forth in the local preservation law.
(4) 
Such alterations or rehabilitation is approved by the Historic Preservation and Parks Commission prior to commencement of work.
[Amended 2-26-2019 by L.L. No. 1-2019]
(5) 
Alterations or rehabilitation is commenced subsequent to the effective date of this article.
[Amended 2-26-2019 by L.L. No. 1-2019]
Such exemption shall be granted only by application of the owner or owners of such historic real property on a form prescribed by the New York State Board of Equalization and Assessment. The application shall be filed with the Town Assessor of the Town of Ramapo, with a copy to the Village Clerk-Treasurer, Village of Montebello, on or before the appropriate taxable status date. The Village Clerk-Treasurer, upon receipt, shall supply copies to the Historic Preservation and Parks Commission and the Building Inspector.
Such exemption shall be granted where the Assessor is satisfied that the applicant is entitled to an exemption pursuant to this article. The Assessor shall approve such application, and such real property shall thereafter be exempt from Village taxation as herein provided, commencing with the assessment roll prepared on the basis of the taxable status date referred to above. The assessed value of any exemption granted pursuant to this article for Village taxation purposes shall be entered by the Assessor on the assessment roll with the taxable property, with the amount of the exemption shown in a separate column.
This article is enacted by authority of § 20, Subdivision 5, of the Municipal Home Rule Law, § 96-a of the General Municipal Law, and § 444-a of the Real Property Tax Law, all of the State of New York.