Village of Johnson City, NY Article VI Home Improvement Tax Exemption

[Adopted 1-5-2010 by L.L. No. 1-2010]

§ 250-22 Purpose; statutory authority.

A. The purpose of this exemption is to encourage property owners to make improvements, and thus to keep neighborhoods viable and attractive.

B. This article is adopted pursuant to § 421-f of the Real Property Tax Law of the State of New York.

§ 250-23 Exemption criteria.

A. Only one-family and two-family residences qualify.

B. Such exemption shall be granted only upon application by the owner of such real property on a form prescribed by the State Board of Equalization and Assessment, the original of which shall be filed with the Town of Union Assessor ("Assessor"). Such original application shall be filed on or before the taxable status date and within one year from the date of completion of such reconstruction, alteration or improvement. A copy of said application shall also be filed with the State Board of Equalization and Assessment. If the Assessor is satisfied that the applicant is entitled to an exemption pursuant to this Article VI, the Assessor shall approve the application and such real property shall thereafter be exempt from taxation as herein provided commencing with the first assessment roll prepared after the taxable status date. The assessed value of any exemption granted pursuant to this section shall be entered by the Assessor on the assessment roll with the taxable property, with the amount of the exemption shown in a separation column.

[Amended 8-16-2011 by L.L. No. 8-2011; 8-7-2012 by L.L. No. 5-2012; 12-3-2013 by L.L. No. 10-2013; 12-1-2015 by L.L. No. 9-2015]

C. Exemption terminates immediately if the property is sold/transferred other than to an immediate family member.

D. Value of the improvement must exceed $3,000, but the maximum value of the improvement for which the exemption would apply cannot exceed $80,000, although the total value of the improvement itself may exceed $80,000.

E. Ordinary maintenance and repairs do not qualify.

F. The greater portion of the property (that part prior to the project) must be at least five years old.

G. The exemption does not apply to special district charges.

H. Such reconstruction, alteration or improvement shall require the issuance of a building permit and is completed with the issuance of a certification of occupancy and/or other required documentation and permits.

[Amended 12-1-2015 by L.L. No. 9-2015]

I. The exemption is for eight years. The first year the exemption will be 100% of the increase in assessment due to the improvement, and thereafter, reduced by 12.5% per year for the remaining term of the exemption.

J. All provisions of § 421-f of the Real Property Tax Law are adopted as if fully set forth herein.

[Amended 8-16-2011 by L.L. No. 8-2011; 8-7-2012 by L.L. No. 5-2012; 12-3-2013 by L.L. No. 10-2013; 12-1-2015 by L.L. No. 9-2015]