The purpose of this article is to set forth
and provide the percentage of the real property tax exemption provided
for in § 459-a of the Real Property Tax Law that is effective
in the Town of Greenburgh. All definitions, terms and conditions of
such statute shall apply to this article.
This article shall hereafter be known and cited
as the "Americans with Disabilities Act Exemption."
Real property altered, installed or improved
subsequent to the Americans with Disabilities Act of 1990 (P.L. 101-336)
for the purpose of removal of architectural barriers for persons with
disabilities in existing property shall be exempt from taxation and
special ad valorem levies as hereinafter provided.
Such improvements to real property shall be
exempt for a period of one year to the extent of 50% of the increase
in assessed value thereof attributable to such alteration, installation
or improvement. For a period of nine years thereafter, the extent
of such exemption shall be decreased by 5% each year as follows:
|
Year of Exemption
|
Percent of Exemption
|
|---|---|
|
2
|
45%
|
|
3
|
40%
|
|
4
|
35%
|
|
5
|
30%
|
|
6
|
25%
|
|
7
|
20%
|
|
8
|
15%
|
|
9
|
10%
|
|
10
|
5%
|
Pursuant to New York Municipal Home Rule Law
§ 22, the provisions of this article are intended to supersede
the provisions of Real Property Tax Law § 459-a to the extent
that this article and Real Property Tax Law § 459-a are
inconsistent.
