[HISTORY: Adopted by the Town Board of the Town of Islip 9-7-1982 as Local Law No. 3, 1982; amended in its entirety 2-4-1992 by L.L. No. 1, 1992. Subsequent amendments noted where applicable.]
This local law shall be known and may be cited as the "Taxation — Homestead Base Proportion Law of the Town of Islip."
The provisions of § 1903 of the Real Property Tax Law of the State of New York are hereby adopted by the Town of Islip.
The Town Board of the Town of Islip hereby adopts homestead base proportions, as certified by the State Board of Equalization and Assessment, for all assessment rolls finally filed and applicable to the levy of all taxes levied thereon for each tax year subsequent to the effective date of this act and commencing with the first assessment roll finally filed subsequent to the effective date of this act in accordance with the provisions of Article 19 of the Real Property Tax Law and the Rules of the New York State Board of Equalization and Assessment.
The invalidity of any Article, section, paragraph, sentence, clause, word or provision of this local law shall not invalidate any other Article, sentence, section, paragraph, clause, word or provision thereof.
This local law shall take effect immediately upon the appropriate certified copies hereof being filed with the Secretary of State and the Comptroller of the State of New York.