[Adopted 2-27-2019 by L.L. No. 5-2019]
A. 
Nonprofit organizations who purchase property after the Town's taxable status date, and who meets the requirements for tax exemption pursuant to § 420-a or § 420-b of the Real Property Tax Law may, within 365 days after the transfer of title may submit an application for tax exemption to the assessor pursuant to either § 420-a(16) or § 420-b(8).
B. 
The Assessor shall review said application and make a determination on said application pursuant to the provisions set forth in the applicable section of the Real Property Tax Law.