[HISTORY: Adopted by the Town Board of the Town of Islip 11-19-2013 by L.L. No. 10-2013. Amendments noted where applicable.]
This chapter shall be entitled "Taxation: Superstorm Sandy Assessment Relief Law of the Town of Islip."
The purpose and intent of this chapter is to grant assessment relief for the 2012/2013 tax year for real property located in the Town of Islip impacted by Superstorm Sandy.
The provisions of the State of New York Superstorm Sandy Assessment Relief Act are hereby adopted by the Town of Islip.
The Town of Islip hereby elects to provide assessment relief for real property that lost the following specified percentages of its improved value due to Superstorm Sandy as adopted or classified by the Assessor in accordance with the New York State Superstorm Sandy Assessment Relief Act, by reducing the assessed value attributable to the improvements on the 2012/2013 tax roll, provided that any exemptions which the property may be receiving shall be adjusted as necessary to account for such reduction in the total assessed value, by the following percentages:
Loss of Improved Value
(percentage)
Reduction of Improved Assessed Value
(percentage)
At least 10% but less than 20%
15%
At least 20% but less than 30%
25%
At least 30% but less than 40%
35%
At least 40% but less than 50%
45%
At least 50% but less than 60%
55%
At least 60% but less than 70%
65%
At least 70% but less than 80%
75%
At least 80% but less than 90%
85%
At least 90% but less than 100%
95%
100%
100%
If any clause, sentence, paragraph, subdivision, section, or part of this chapter or the application thereof to any person, individual, corporation, firm, partnership, entity or circumstance shall be adjudged by any court of competent jurisdiction to be invalid or unconstitutional, such order or judgment shall not affect, impair or invalidate the remainder thereof, but shall be confined in its operation to the clause, sentence, paragraph, subdivision, partnership, entity or circumstance directly involved in the controversy in which such order or judgment shall be rendered.
This chapter shall be effective immediately upon the appropriate certified copies being filed with the Secretary of State of the State of New York.