Form Rp-485-G - For Assessor'S Use printable pdf download

Form Rp-485-G - For Assessor'S Use

RP-485-g

(1/99)

New York State Board Of Real Property Services

INSTRUCTIONS

Authorization for exemption

Section 485-g of the Real Property Tax Law authorizes counties, cities, towns and villages to adopt local

laws and school districts to adopt resolutions exempting the value of infrastructure improvements ( e.g., streets,

sewers ) in residential developments. These improvements must be dedicated or intended to be dedicated to a

municipal corporation or special district.

Duration and computation of exemption

Where the exemption is authorized, residential building lots within subdivisions plats are exempt from

a proportional share of the value attributable to the infrastructure improvements until certificates of occupancy are

issued or for three years from the granting of the exemption, whichever first occurs.

Filing of application

Applications for the exemption must be filed in the appropriate assessorÕs office and within one year of

the completion of the improvements; however, qualifying improvements already completed as of the effective

date of the local law or resolution may also receive exemption if application is made within one year of such local

authorization. In towns preparing their assessment rolls in accordance with the schedule provided in the Real

Property Tax Law, the taxable status date is March 1. In towns in Nassau County, the taxable status date is

January 2. In towns in Erie and Westchester Counties, the taxable status date is June 1. In villages and cities, the

taxable status dates vary, and the appropriate assessor should be consulted for the correct date.

FOR ASSESSORÕS USE

Date application filed ____________________

Applicable taxable status date ______________________

Action on application

Approved or

Disapproved

If approved, last assessment roll on which exemption may be granted ___________________

Amount of exemption:

County

$ ________________________

City/Town

$ ________________________

Village

$ ________________________

School district

$ _______________________

_________________________________________

____________________

AssessorÕs signature

Date

Form Rp-485-G - For Assessor'S Use