[Adopted 2-26-2013 by L.L. No. 1-2013]
Residential buildings within the Town of Bergen, New York, that
are reconstructed, altered or improved, pursuant to § 421-f
of the New York State Real Property Tax Law shall be exempt from taxation.
A.
The exemption equals the base exemption, multiplied by one of the
following percentages. The extent of such exemption shall decrease
by 12 1/2% of the exemption base each year during such additional
period pursuant to the following.
|
Year 1
|
100%
| |
|
Year 2
|
87.5%
| |
|
Year 3
|
75%
| |
|
Year 4
|
62.5%
| |
|
Year 5
|
50%
| |
|
Year 6
|
37.5%
| |
|
Year 7
|
25%
| |
|
Year 8
|
12.5%
| |
|
Year 9
|
0%
|
B.
Such exemption shall be limited to $80,000 in increased market value,
but not less than $3,000 of the property attributable to such reconstruction,
alteration or improvement, and any increase in market value greater
than such amount shall not be eligible for the exemption pursuant
to this section. For purposes of this section, the market value of
the reconstruction, alteration or improvement shall be equal to the
increased assessed value attributable to such reconstruction, alteration
or improvement divided by the most recently established state equalization
rate or special equalization rate, except where the state equalization
rate or special equalization rate equals or exceeds 95%, in which
case the increase in assessed value attributable to such reconstruction,
alteration or improvement shall be deemed to equal the market value
of such reconstruction, alteration or improvement.
A.
No such exemption shall be granted for reconstruction, alterations
or improvements unless:
(1)
Such reconstruction, alteration or improvement was commenced subsequent
to the effective date of this article;
(2)
The value of such reconstruction, alteration or improvement exceeds
$3,000;
(3)
The greater portion, as so determined by square footage, of the building
reconstructed, altered or improved is at least five years old;
(4)
The reconstruction, alteration or improvement shall have been permitted
by the Town of Bergen Code Enforcement Officer such that a building
or plumbing permit was issued and said reconstruction, alteration
or improvement shall have met all necessary approvals per the applicable
New York State Uniform Fire Prevention and Building Code and the Bergen
Municipal Code; and
(5)
The property for which exemption is sought must be a one- or two-family
residence.
B.
For purposes of this section the terms "reconstruction," alteration"
and "improvement" shall not include ordinary maintenance and repairs.
C.
In the event that a building granted an exemption pursuant to this
article ceases to be used primarily for residential purposes or title
thereto is transferred to other than the heirs or distributees of
the owner, the exemption granted pursuant to this article shall cease.
Such exemption shall be granted only upon application by the
owner of such building on a form prescribed by the State Board. The
application shall be filed with the Assessor of the Town of Bergen
on or before the taxable status date of March 1. Any exemption pursuant
to this article shall be granted only upon application by the owner
thereof on the form prescribed by the State Board. The application
shall be filed with the Assessor of the Town of Bergen on or before
the taxable status date of March 1 to be eligible for any exemption
to be entered on the assessment roll prepared on the basis of said
taxable status date.
This article shall take effect upon filing with the New York
Secretary of State and end March 1, 2033.
