Pursuant to Subdivision 7 of § 485-b
of the Real Property Tax Law, the Town of Chili authorizes the graduated
exemption from taxation, special ad valorem levies and service charges
for new construction, alterations, installations or improvements exceeding
$10,000 to commercial, business and industrial property. The graduated
exemption is for a ten-year period as set forth in Subdivision 2(a)
of § 485-b of the Real Property Tax Law.