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Instructions For Form Rp-485-N - Application For Real Property Tax Exemption For Residential-Commercial Properties In Certain Counties Page 2

RP-485-n-Ins (11/12) (back)

exemption for a period of 12 years less the number of years such payments to the local

government were made.

3. Application of exemption

The exemption may apply to county, city, town, village, or school district taxes, and also to

special ad valorem levies. It does not apply to special assessments. Each taxing jurisdiction

must adopt a local law, ordinance, or resolution providing for the exemption.

4. Place of filing of exemption application

Initial application for this exemption from city, town, or village taxes must be filed with the

assessor in the town in which the eligible project is located (villages in Livingston and Steuben

Counties do not assess for their own tax purposes). Initial application for exemption from city

taxes must be filed with the city in which the eligible project is located. Do not file this form with

either the New York State Department of Taxation and Finance or the Office of Real Property

Tax Services.

5. Time of filing application

The application must be filed in the assessor’s office on or before the appropriate taxable status

date. The taxable status date for towns in Livingston and Steuben Counties is March 1. The

taxable status date for the city of Corning (Steuben County) is March 1; the taxable status date

for the city of Hornell (Steuben County) is January 1. If making initial exemption application for

village purposes, file the application on or before March 1 with the town of which the village is a

part (none of the villages in Livingston and Steuben Counties prepare their own separate

assessment rolls). Once the exemption has been granted, the exemption may continue for the

authorized period provided that the eligibility requirements continue to be satisfied. It is not

necessary to reapply for the exemption after the initial year in order for the exemption to

continue.

Instructions For Form Rp-485-N - Application For Real Property Tax Exemption For Residential-Commercial Properties In Certain Counties Page 2