Public Notice: Town of Riverhead — Notice of Adoption of local law amending Chapter 279 entitled “Taxation”

TOWN OF RIVERHEAD

            NOTICE OF ADOPTION

 

PLEASE TAKE NOTICE, that the Town Board of the Town of Riverhead adopted a local law amending Chapter 279 entitled “Taxation” at its regular meeting held on December 19, 2017.

 

Be it enactedby the Town Board of the Town of Riverhead as follows:

 

Chapter 279

TAXATION

Article IX

Exemption for cold War Veterans

§ 279-37. Limitations.

 

B.   If a Cold War veteran receives the exemption under § 458-a or §458-b § 458 or §458-a of the Real Property Tax Law, the Cold War veteran shall not be eligible to receive the exemption under this article 

 

C. The exemption provided by this article shall be granted for a period of 10 years. The commencement of such ten-year period shall be governed pursuant to this Subsection C. Where a qualified owner owns qualifying residential real property on the effective date of the local law providing for such exemption, such ten-year period shall be measured from the assessment roll prepared pursuant to the first taxable status date occurring on or after the effective date of the local law providing for such exemption. Where a qualified owner does not own qualifying residential real property on the effective date of the local law providing for such exemption, such ten-year period shall be measured from the assessment roll prepared pursuant to the first taxable status date occurring at least 60 days after the date of purchase of qualifying residential real property; provided, however, that should the veteran apply for and be granted an exemption on the assessment roll prepared pursuant to a taxable status date occurring within 60 days after the date of purchase of residential real property, such ten-year period shall be measured from the first assessment roll in which the exemption occurs. If, before the expiration of such ten-year period, such exempt property is sold and replaced with other residential real property, such exemption may be granted pursuant to this Subsection C for the unexpired portion of the ten-year exemption period.

 

C.  The exemption provided by this article shall apply to qualifying owners of a qualifying real property for as long as they remain qualifying owners, without regard to such ten (10) year limitation contained in Real Property Tax Law § 458-b. 

 

  • Underline represents addition(s)
  • Overstrike represents deletion(s)

 

Dated:  Riverhead, New York

              December 19, 2017                                  BY ORDER OF THE TOWN BOARD

OF THE TOWN OF RIVERHEAD

DIANE M. WILHELM, Town Clerk