[Adopted 2-2-2005 by L.L. No. 2-2005]
The Board of Trustees hereby finds that, in
1981, the State of New York enacted § 1903 of the Real Property
Tax Law ("RPTL") known as the "Homestead Tax Option" which was enacted
to prevent a disproportionate shift of the property tax burden to
residential property owners following a revaluation of real property.
The Board further finds that the Town of Rye, in which the Village
of Port Chester is located, adopted, by local law, a homestead tax
option and completed a revaluation of real property in the town. Upon
investigation of its assessment options, the Board has since determined
to relinquish its status as an assessment unit in favor of the Town
of Rye. It is the purpose and intent of this article to utilize the
provisions of § 1903 of the RPTL to establish two separate
tax rates to prevent a disproportionate shift of property tax burden
to residential property owners following the revaluation.
The provisions of § 1903 of the Real
Property Tax Law pertaining to the homestead tax option are hereby
adopted.
The homestead base proportion and nonhomestead
base proportion shall be established by resolution of the Board of
Trustees of the Village of Port Chester in accordance with the rules
of the State Board of Equalization and Assessment and shall apply
to taxes levied on the 2004 final assessment roll and to taxes levied
on subsequent rolls, unless and until this article shall be repealed.
Should any section, paragraph, sentence, clause,
word or provision of this article be declared void, invalid or unenforceable,
for any reason, such decision shall not alter the remaining portions
of this article.
Any other local law, ordinance, or resolution
inconsistent with this article is hereby repealed.
