Public Hearing: "A LOCAL LAW AUTHORIZING A REAL PROPERTY TAX EXEMPTION TO NON-PROFIT ORGANIZATIONS THAT PURCHASE PROPERTY AFTER TAXABLE STATUS DATE." - February 27, 2019 7:00PM
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN by the Town Board of the Town of Ramapo, that pursuant to the provisions of the Town Law of the State of New York, a public hearing will be held at 7:00 o'clock P.M. (Prevailing Time) at the Ramapo Town Hall, 237 Route 59, Suffern, New York, 10901, on the 27th day of February, 2019, to consider the adoption of a local law entitled “A LOCAL LAW AUTHORIZING A REAL PROPERTY TAX EXEMPTION TO NON-PROFIT ORGANIZATIONS THAT PURCHASE PROPERTY AFTER TAXABLE STATUS DATE” which local law shall provide as follows:
LOCAL LAW BELOW
NOTICE IS HEREBY FURTHER GIVEN that all interested persons will be given an opportunity to be heard.
Dated: Suffern, New York
TOWN BOARD OF THE TOWN OF RAMAPO
By Michael B. Specht
Supervisor
CHRISTIAN G. SAMPSON
Town Clerk
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LOCAL LAW NO. – 2019
A LOCAL LAW AUTHORIZING A REAL PROPERTY TAX EXEMPTION TO NON-PROFIT ORGANIZATIONS THAT PURCHASE PROPERTY AFTER TAXABLE STATUS DATE
Be It Enacted by the Town Board of the Town of Ramapo:
Section 1. Legislative Intent
Sections 420-a and 420-b of the Real Property Tax Law have been amended to allow the Town, by Local Law, to authorize the Assessor to grant real property exemptions for non-profit organizations who purchased property after the Town’s taxable status date.
Section 2. Eligibility
Add a new Article XIV; Tax Exemption for Properties Purchased by Non-Profit Organizations after taxable status date as follows:
§254-49 : Eligibility
(a) Non-profit organizations who purchase property after the Town’s taxable status date, and who meets the requirements for tax exemption pursuant to §420-a or 420-b of the Real Property Tax Law may, within days after the transfer of title may submit an application for tax exemption to the assessor pursuant to either §420-a(16) or §420-b(8).
(b) The Assessor shall review said application and make a determination on said application pursuant to the provisions set forth in the applicable section of the Real Property Tax Law.
Section 3. Effective Date
This Local Law shall take effect immediately upon filing with the Secretary of State.