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).
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.