Form Rp-485-G - Application For Real Property Tax Exemption For Infrastructure Improvements Page 2
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2RP-485-g (9/08)
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INSTRUCTIONS
1. 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.
1. 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.
2. FILING OF APPLICAITON
Application for the exemption must be filed in the appropriate assessor’s 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. Westchester County towns have either a May 1 or June 1
taxable status date; contact the assessor. In villages and cities, the taxable status dates vary, and the
appropriate assessor should be consulted for the correct date.
SPACE BELOW FOR ASSESSOR’S USE ONLY
1.
Date application filed: __________________________
2.
Applicable taxable status date: ___________________
3.
Action on application:
Application approved
Application disapproved
4.
If approved, last assessment roll on which exemption may be granted _____________________
5.
Amount of Exemption:
County
$
________________________
City/Town
$
________________________
Village
$
________________________
School District
$
________________________
_____________________________________________
______________________________
Assessor’s signature
Date
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