[HISTORY: Adopted by the Town Board of the Town of Parma 8-15-2017 by L.L. No. 3-2017. Amendments noted where applicable.]
Taxation — See Ch. 135.
This chapter is enacted pursuant to the authority of the New York Town Law and Municipal Home Rule Law, and as authorized by the Lake Ontario and Connected Waterways Assessment Relief Act of 2017 (hereinafter "the Act").
It is the intent of this chapter to provide for assessment relief for real property impacted by flooding located within the Town of Parma.
The assessment relief authorized by this chapter shall be applicable to the final assessment roll of the Town of Parma based upon a taxable status date occurring prior to May 3, 2017, and taxes levied upon such roll which are payable, without interest, on or after May 3, 2017.
The terms "eligible municipality," "impacted tax roll," "participating municipality flooding," "total assessed value" and "property" shall, for the purposes of this chapter, be defined as set forth in the Act.
The percentage of assessment relief that may be granted pursuant to this chapter shall be from ten-percent relief to one-hundred-percent relief, in accordance with the schedule of relief as set forth in the Act.
The percentage loss in improved value, for the purposes of this chapter, shall be as adopted by the Assessor, in accordance with the provisions of the Act, and shall be subject to review by the Board of Assessment Review.
The procedure for applying for and the determination of assessment relief shall be as provided for in the Act, upon forms as approved by the Commissioner of Taxation and Finance and shall be processed by the Assessor as proscribed by the Act.
This chapter shall be effective immediately upon filing with the Secretary of State.