Town of Sullivan, NY
Madison County
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[Adopted 5-18-1983 by L.L. No. 2-1983]
This article shall be known as the "Veterans Proportional Exemption Law of the Town of Sullivan."
The purpose of this article is to preserve the ratio which each veterans 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 § 458, as amended, of the Real Property Tax Law of the State of New York.
[1]
Editor's Note: Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I).
A. 
If the ratio between the exemption granted under Subdivision 1 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, other than a court ordered full value assessment in the Town of Sullivan, 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.
B. 
Such adjustment shall be made by the assessors in the manner provided in Subdivision 3 of § 458 of the Real Property Tax Law of the State of New York, and no application therefor need be filed on behalf of any owner of any eligible property.