[Adopted 5-5-1981 by L.L. No. 1-1981]
This article shall be known as the "Veterans Proportional Exemption Law of the Village of Camillus."
The purpose of this article is to preserve the ratio which each veteran's exemption from taxation on real property bears to the total assessed value of the real property for which such exemption has been granted whenever such total assessed value increases or decreases due only to a change in the manner of assessing.
The meanings of words and expressions as used in this article shall be identical to their meanings as used in §§ 307 and 458, as amended, of the Real Property Tax Law of the State of New York.
Editor's Note: Real Property Tax Law § 307 expired 10-30-1981, pursuant to L. 1978, c. 476, § 5, as amended.
If the ratio between the exemption granted under Subdivision I of § 458 of the Real Property Tax Law of the State of New York and the total assessed value of the real property for which such exemption has been granted increases or decreases due only to a change in the manner of assessing, other than a court-ordered full-value assessment, in the Village, the amount of the exemption heretofore or hereafter granted shall be increased or decreased in such subsequent year in the same proportion as the total assessed value has been increased or decreased.
Such adjustment shall be made by the assessors in the manner provided in Paragraph 3 of Subdivision 1 of § 458 of the Real Property Tax Law of the State of New York, and no application therefor need be filed by or on behalf of any owner of any eligible property.