[Adopted 11-21-2000 by L.L. No. 3-2000]
Applications for STAR exemptions for each school year may be submitted on or before the taxable status date of the current year's assessment roll.
This article applies to assessment rolls based upon taxable status dates occurring on or after the date of this local law and shall remain applicable thereafter unless and until the repeal or recession of this article.
Following the adoption of this article, the eligibility of property for a STAR exemption for a school year shall be based upon the condition of the property as of the taxable status date of the prior year's assessment roll and the ownership of the property as of the taxable status date of the current year's assessment roll.
When a STAR application is approved, the prior year's assessment roll shall be revised accordingly.
When a STAR application is denied, the applicant may seek administrative and judicial review of the denial, subject to the same timing constraints that apply to persons seeking review of assessments appearing on the current year's assessment roll.
For the purposes of this article, the following terms shall have the meanings indicated:
CURRENT YEAR'S ASSESSMENT ROLL
The final assessment roll which is required by law to be completed in the calendar year that contains the first day of the school year in question. The final assessment roll which was required by law to be completed in the calendar year immediately preceding the calendar year that contains the first day of the school year in question.