Authorizes the Sephardic Synagogue of Plainview to apply to the Nassau county assessor for real property tax exemption for parcel acquired after taxable status date

Title of bill

An act to authorize the assessor of the county of Nassau to accept an application for exemption from real property taxes from the Sephardic Synagogue of Plainview for a certain parcel of land located in the town of Oyster Bay

Purpose

Authorizes the Sephardic Synagogue of Plainview to apply to the Nassau county assessor for real property tax exemption for parcel acquired after taxable status date.

Summary of provisions

Section 1. Authorizes the assessor of the County of Nassau to accept from the Sephardic Synagogue of Plainview an application for exemption for real property taxes pursuant to Real Property Tax Law

§420-a for the assessment rolls as to which January 2, 2005 was the taxable status date with respect to the general taxes for the 2005, 2006, and 2007 assessment rolls, and the school taxes for the 2005-2006, 2006-2007, and 2007-2008 school tax rolls, for the parcel acquired by the Sephardic Synagogue of Plainview located in the town of Oyster Bay at 51 County Drive, Plainview, otherwise known as section 12, block 478, lot 20. If accepted, the application shall be reviewed as if it has been received on or before the taxable status date established for such rolls.

Justification

This legislation would permit the Sephardic Synagogue of Plainview to seek retroactive exempt status for the portions of those tax years for which the taxable status application date had passed due to the date of acquisition of the property. Granting property tax exemption to this organization will be consistent with New York State policy which grants exemptions pursuant to Real Property Tax Law §420.

Legislative history

None.

Fiscal implications

To be determined.

Local fiscal implications

To be determined.

Effective date

This act shall take effect immediately.