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T A B L E O F C O N T E N T S P RT I A ... - Broome County

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§ 185-96 TAXATION<br />

§ 185-100<br />

§ 185-96. Definition.<br />

For the purpose of this article, the term "parent or grandparent" shall be deemed to include the<br />

natural or adopted parents and grandparents of the owner or the spouse of the owner.<br />

§ 185-97. When effective.<br />

This article shall take effect upon filing with the Secretary of State and shall apply to real<br />

property having a taxable status date on or after the effective date of this article.<br />

A<strong>RT</strong>ICLE XV<br />

Exemption for Qualified Infrastructure<br />

[Adopted4-22-2004 by L.L. No. 3-2004]<br />

§ 185-98. Extent of exemption.<br />

Residential building lots which are part of a subdivision plat for residential development<br />

which includes infrastructure intended to be dedicated to a municipal corporation or a special<br />

district within <strong>Broome</strong> <strong>County</strong>, in accordance with the provisions of Real Property Tax Law<br />

§ 485-g, shall be exempt from taxation to the extent of the increased assessed value of such<br />

lots resulting from the addition of such infrastructure, for a period until the issuance of a<br />

certificate of occupancy, but in no event longer than three years from granting of the<br />

exemption herein, which certifies that a residence is constructed on a building lot in such<br />

subdivision.<br />

§ 185-99. Value of exemption; time limit.<br />

A. Such exemption shall be the value of the infrastructure proportionately applied to each of<br />

the lots in the subdivision.<br />

B. Upon issuance of the certificate of occupancy, but in no event longer that three years<br />

from granting of the exemption herein, the exemption provided shall lapse.<br />

§ 185-100. Definition.<br />

For purposes of this article, "infrastructure" shall be comprised of the following public<br />

facilities which are intended to be dedicated to a municipal corporation or a special district<br />

thereof:<br />

A. Streets.<br />

B. Storm and sanitary sewers.<br />

C. Drainage facilities.<br />

D. Any other facilities required by a municipality to be installed in such residential<br />

subdivision as noted on the filed plat plan for such residential subdivision.<br />

185:47<br />

06 - 01 - 2009

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