[Adopted 3-8-1994 by L.L.
No. 1-1994]
The Town Board of the Town of Montour finds that the promotion
of capital improvements to residential real estate will serve to upgrade
community housing stocks, eventually increase the tax base and promote
the general welfare.
[Amended 2-13-2018 by L.L. No. 2-2018]
It is the purpose of this chapter to provide for residential
real property owners in the Town of Montour the benefits of the graduated
tax exemption for capital improvements as specified in § 421-f
of the Real Property Tax Law.
Capital improvements to residential buildings made after the
effective date hereof shall be exempted from taxation and special
ad valorem levies under the conditions and to the extent provided
by Chapter 704 of Laws of 1993 (§ 421-f of the Real Property
Tax Law) all of the applicable provisions of which are hereby incorporated
by reference as if fully set forth herein.
