This article shall be known as the "Exemption
for the Physically Disabled Law of the Town of Clay."
The purpose of this article is to provide an
exemption from taxation for an improvement to any real property used
solely for residential purposes as a one-, two- or three-family residence
to the extent of any increase in value attributable to such improvement,
if such improvement is used for the purpose of facilitating and accommodating
the use and accessibility of such real property by a physically disabled
person.
If the Assessor is satisfied that the improvement
is necessary to facilitate and accommodate the use and accessibility
by a resident who is physically disabled and that the applicant is
entitled to an exemption pursuant to this article, the Assessor shall
approve the application and enter the taxable assessed value of the
parcel for which an exemption has been granted pursuant to this article
on the assessment roll with the taxable property, with the amount
of the exemption as determined herein in a separate column.
Any exemption granted pursuant to the provisions
of this article shall not take effect prior to the taxable status
date next succeeding the effective date of this article.
Once granted, an exemption shall continue on
the real property until the improvement ceases to be necessary to
facilitate and accommodate the use and accessibility of the property
by the resident who is physically disabled.