A.Â
The Village Board, when designating a landmark, landmark
site or historic district may, at the request of the property owner,
the Commission, or on its own motion, recommend in an advisory capacity
to the Nassau County Board of Assessors that the assessment of the
affected property for general town tax or highway tax purposes, or
both, be frozen at present levels or reduced prospectively, and may
consider similar relief for Village tax purposes.
B.Â
If the Village Board or the Commission finds that
the designation of a particular property as a landmark, a landmark
site or as part of an historic district will impair its economic viability,
the Board of Trustees or the Commission may recommend that the existing
assessment or tax burden be reduced to the extent required to assure
its continued existence and proper maintenance.
