[Adopted 10-1-1984 by L.L. No. 15-1984 (Ch. 28, Art. III, of the 1972 Code)]
[Amended 8-3-1998 by L.L. No. 4-1998]
The purpose of this article is to provide that
an exemption from real property taxes shall be granted pursuant to
§ 458-a of the Real Property Tax Law of the State of New
York.
[Amended 8-3-1998 by L.L. No. 4-1998]
Pursuant to the provisions of § 458-a
of the Real Property Tax Law of the State of New York, an exemption
from real property taxes shall be granted pursuant to § 458-a
of the Real Property Tax Law for purposes of real property taxes levied
for the Village of East Aurora.
[Added 10-28-1985 by L.L. No. 25-1985]
If the ratio between an exemption granted, pursuant
to § 458 of the Real Property Tax Law of the State of New
York, and the total assessed value of the real property for which
such exemption has been granted increases or decreases due solely
to a change in the manner of assessing real property, the amount of
the exemption granted, or to be granted, pursuant to § 458
of the Real Property Tax Law of the State of New York, shall be increased
or decreased in each subsequent year in the same proportion as the
total assessed value has been increased or decreased.
