Allows the Incorporated Village of Westbury to apply for exemption from real property taxes for certain parcels of land located in the county of Nassau

BILL NUMBER:S5595

Title of bill

An act in relation to allowing the Incorporated Village of Westbury to apply for exemption from real property taxes for certain parcels of land located in the county of Nassau

Purpose

To allow the Village of Westbury, pursuant to § 406 of the Real Property Tax Law, to file retroactively for tax exemption for property which would have received such exemption if a timely application had been filed before the applicable Nassau County taxable status dates.

Summary of provisions

Section one authorizes the assessor of the County of Nassau to accept from the village of Westbury an application for exemption for real property taxes pursuant to Real Property Tax Law § 406 for certain tax years for real property known as lot 154, block T, section 10 on the Nassau County Land and Tax Map.

Section two authorizes the assessor of the County of Nassau to accept from the village of Westbury an application for exemption for real property taxes pursuant to Real Property Tax Law §406 for certain tax years for real property known as lots 41-42 of block 220 of section 10 on the Nassau County Land and Tax Map.

Section three authorizes the assessor of the County of Nassau to accept from the village of Westbury an application for certain tax years for real property known as lot 175 of block 228 of section 10 on the Nassau County Land and Tax Mao.

Section four authorizes the assessor of the County of Nassau to accept from the village of Westbury an application for certain tax years for real property known as lot 177 of block 228 of section 10 on the Nassau County Land and Tax Map.

Section five authorizes the assessor of the County of Nassau to accept from the village of Westbury an application for exemption for real property taxes pursuant to Real Property Tax Law § 406 for certain tax years for real property known as lots 769 of block 228 of section 10 on the Nassau County Land and Tax Map.

Section six authorizes the assessor of the County of Nassau to accept from the village of Westbury an application for exemption for real property taxes pursuant to Real Property Tax Law § 406 for certain tax years for real property known as lots 770 of block 228 of section 10 on the Nassau County Land and Tax Map.

Section seven states if accepted, the application shall be reviewed as if it had been received on or before the taxable status date established for such roll, and any exemptions shall be granted for the period of each respective tax year commencing on and after the date or acquisition of the Property, and Continuing to and including the end of each such tax year.

Section eight sets and immediate effective date.

Existing law

Existing law authorizes tax exemptions to be granted after the taxable status date has passed if a bill chaptered authorizing an assessor to accept a late application.

Justification

The Village of Westbury, acquired title to parcels of property with intent of creating a municipal street/roadway. This bill is intended to ameliorate any hardship that will be suffered by the Village of Westbury if it is required to pay the property taxes due as described above.

Legislative history

This is a new bill.

Fiscal implications

None to the State.

Effective date

This act shall take effect immediately.