[Adopted 7-12-2010 by L.L. No. 4-2010[1]]
[1]
Editor's Note: This local law also repealed Art. III, Application for Veterans Exemption, adopted 4-28-1986 by L.L. No. 4-1986.
The New York State Legislature has adopted, and the Governor has signed into law, Bill No. 8472-A entitled, "An Act to Amend the Real Property Tax Law in Relation to Veterans Exemptions and to Repeal Subdivision 5 of Section 458 of the Real Property Tax Law Relating Thereto."
The provisions of Real Property Tax Law § 458, as amended, relative to veterans exemptions, shall apply to Town real property taxes levied by the Town of Cicero.
Notwithstanding the limitation on the amount of exemption prescribed in Subdivision 1 or 2 of Real Property Tax Law § 458, if the total assessed value of the real property for which such exemption has been granted increases or decreases as the result of a revaluation or update of assessments, and a material change in level of assessment is certified for the assessment roll pursuant to the State Board, the Assessor shall increase or decrease the amount of such exemption by multiplying the amount of such exemption by such change in level of assessment.
Owners of property who previously received an exemption pursuant to § 458 of the Real Property Tax Law but who opted instead to receive an exemption pursuant to § 458-a of the Real Property Tax Law are hereby authorized to again receive an exemption pursuant to § 458 of the Real Property Tax Law upon application by the owner within one year after the adoption of this article. The Assessor shall recompute all exemptions granted pursuant to this section by multiplying the amount of each such exemption by the cumulative change in level of assessment certified by the State Board of Equalization and Assessment, measured from the assessment roll immediately preceding the assessment roll on which exemptions were first granted pursuant to § 458-a of the Real Property Tax Law; provided, however, that if an exemption pursuant to this section was initially granted to a parcel on a later assessment roll, the cumulative change-in-level factor to be used in recomputing that exemption shall be measured from the assessment roll immediately preceding the assessment roll on which that exemption was initially granted. No refunds or retroactive entitlements shall be granted.
Such adjustments shall be made by the Assessor in the manner provided in Subdivision 1(3) of § 458 of the Real Property Tax Law of the State of New York, and no application therefor need be filed by or on behalf of any owner of any eligible property, except as otherwise provided therein.