The intent of this article is to amend Local
Law No. 7-1984 of the Town of New Paltz, County of Ulster, State of
New York, regulating partial tax exemption for persons over the age
of 65 years and of limited income, so as to increase the maximum income
exemption eligibility level consistent with authority granted to the
Town of New Paltz to do so as provided for in § 467, Subdivision
1(b), of the Real Property Tax Law of the State of New York.
Notwithstanding the provisions of Subdivisions
5 and 6 of § 467 of the Real Property Tax Law, the Assessor
of the Town of New Paltz is hereby authorized and empowered to accept
applications for renewal of exemptions pursuant to this article after
the taxable status date under the following condition: In the event
that the owner or all of the owners of property which has received
an exemption pursuant to Local Law No. 7-1984 of the Town of New Paltz
on the assessment roll immediately preceding the date upon which this
article shall become effective fail to file the application required
pursuant to this article on or before taxable status date occurring
on or after the effective date of this article, such owner or owners
may file the application, executed as if such application had been
filed on or before such taxable status date, with the Assessor on
or before the date for the hearing of complaints.