If any amount shall have been paid on account of taxes upon property which is exempt from taxation hereunder, then upon application timely made as set forth in §
247-5 hereof, the Treasurer of the Town is authorized and directed to refund the exempt organization, without interest, such portion of said amount as represents taxes for the period subsequent to the exemption date.
Application for reimbursement under §
247-4 of this article shall be made to the Tax Collector of the Town on a form prescribed by the Tax Collector not later than the first day of October next following the date of acquisition by the tax exempt organization of property for which an exemption is claimed.