[Adopted 2-13-2006 by L.L. No. 4-2006]
This article is enacted pursuant to § 459-a
of the Real Property Tax Law of the State of New York, as amended
through Chapter 759 of the Laws of 2005.
A.
Pursuant to the provisions of § 459-a of
the Real Property Tax Law of the State of New York, real property
located in the Town of Ithaca that is altered, installed or improved
pursuant to the Americans with Disabilities Act of 1990 for the purposes
of removal of architectural barriers for persons with disabilities
in existing property shall be partially exempt from general municipal
taxes as hereinafter provided. Such alterations, installations or
improvements to such real property shall be exempt pursuant to the
following exemption schedule:
|
Year of Exemption
|
Percentage of Exemption
|
|---|---|
|
1
|
50%
|
|
2
|
45%
|
|
3
|
40%
|
|
4
|
35%
|
|
5
|
30%
|
|
6
|
25%
|
|
7
|
20%
|
|
8
|
15%
|
|
9
|
10%
|
|
10
|
5%
|
B.
No exemption shall be granted for alterations, installations
or improvements unless such alterations, installations or improvements
were commenced subsequent to the effective date of this article.
C.
Notwithstanding the foregoing provision, if such alterations,
installations or improvements were commenced prior to the effective
date of this article, such alterations, installations or improvements
may receive an exemption pursuant to the exemption schedule of this
section for the remainder of the authorized period of exemption as
if such alterations, installations or improvements had been commenced
on or after such effective date; provided, however, the property shall
not be eligible for refunds of property taxes paid prior to the effective
date of this article.
D.
The partial exemption provided by this article shall,
however, be limited to such property and persons as meet the conditions,
qualifications, exclusions and limitations set forth in § 459-a
of the Real Property Tax Law of the State of New York. This article
shall be administered in accordance with said section of the Real
Property Tax Law as now adopted and as it may be amended from time
to time, and the provisions of said section shall be applicable to
the effectuation of the exemption provided for in this article.
Such exemption shall be granted only upon successful
application by the owner or all the owners of such building on forms
prescribed by the State Board of Real Property Services of the State
of New York (or any successor agency). The owner or owners shall furnish
the information and execute the forms in the manner required or prescribed
in such forms and shall file such forms in the Tompkins County Assessment
office on or before the appropriate taxable status date. Such exemption
shall be granted only if the appropriate assessing authority approves
the application.
This article shall apply to assessment rolls
prepared after the effective date of this article on the basis of
taxable status dates occurring on or after March 1, 2006.
