[Added 11-19-2007 by L.L. No. 14-2007]
A.
Veterans owning real property in the Incorporated
Village of Sea Cliff are entitled to a veterans exemption as authorized
by § 458 of the Real Property Tax Law of the State of New
York. Section 458-1 grants a real property tax exemption to veterans
who purchased real property with eligible funds granted by the United
States or by the State of New York for military or naval services,
where such property is owned by the person who rendered such services,
or by the spouse or unremarried surviving spouse, or dependent father
or mother, or the children under 21 years of age of such person. Section
458-2 grants a real property tax exemption to an honorably discharged
veteran of World War I, World War II, or of the hostilities which
commenced June 27, 1950, who sustained permanent disability while
on military duty, either total or partial, for real property purchased
with moneys collected by popular subscription and owned by the person
who sustained such injuries, or by his or her spouse or unremarried
surviving spouse, or dependent father or mother. Section 458-3 grants
a real property tax exemption for the primary residence of any seriously
disabled veteran, or the unremarried surviving spouse of such veteran,
who is eligible for, or who has received, pecuniary assistance from
the United States government.
B.
The Village of Sea Cliff is currently conducting a
revaluation of all real property located within the Village. The revaluation
shall apply to tax assessment rolls prepared on the basis of taxable
status dates occurring on or after January 1, 2008. Section 458-5
of the Real Property Tax Law of the State of New York provides that
if the total assessed value of the real property for which a veterans
property tax exemption has been granted increases or decreases as
the result of a revaluation or update of assessments, and a material
change in level of assessment is certified for the assessment roll
pursuant to the Rules of the State Board of Real Property Services,
the Village may adopt a local law authorizing and directing the Village
Assessor to increase or decrease the amount of such exemption by multiplying
the amount of such exemption by the change in level of assessment
factor.
C.
The purpose of this legislation is to incorporate
the provisions and authorizations contained in § 458-5 into
the Code of the Village of Sea Cliff.
Pursuant to the provisions of § 458-5
of the Real Property Tax Law of the State of New York with regard
to the veterans real property tax exemption, if the total assessed
value of the real property for which such exemption has been granted
increases or decreases as the result of a revaluation or update of
assessments, and a material change in level of assessment is certified
for the assessment roll pursuant to the Rules of the State Board of
Real Property Services, the Village Assessor shall increase or decrease
the amount of such exemption by multiplying the amount of such exemption
by the change in level of assessment factor. If the Village Assessor
receives the certification after the completion, verification and
filing of the final assessment roll, the Assessor shall certify the
amount of exemption as recomputed pursuant to this section to the
local officers having custody and control of the roll, and such local
officers are hereby directed and authorized to enter the recomputed
exemption certified by the Assessor on the roll.