[Adopted 1-9-2001 by L.L. No. 1-2001]
The purpose of this article is to adopt the
provisions of Real Property Tax Law of the State of New York § 425,
Subdivision 6 thereof in relation to the applicable assessment roll
to be used to determine a STAR exemption for school district taxes.
A.
The eligibility of property for a STAR exemption for
a school year shall be based upon the condition of the property as
of the taxable status date of the prior year's assessment roll and
the ownership of the property as of the taxable status date of the
current year's assessment roll. When a STAR application is approved,
the prior year's assessment roll shall be revised accordingly. When
a STAR application is denied, the applicant may seek administrative
and judicial review of assessments appearing on the current year's
assessment roll.
B.
For purposes of this section, the term "current year's
assessment roll" means the final assessment roll which is required
by law to be completed in the calendar year that contains the first
day of the school year in question, and the term "prior year's assessment
roll" means the final assessment roll which was required by law to
be completed in the calendar year immediately preceding the calendar
year that contains the first day of the school year in question.
This article shall take effect immediately upon
filing of same with the Secretary of State of the State of New York.
