Tompkins County
New York

Resolution
2017-101

Adoption of Local Law No. 3 of 2017 - A Local Law Enacting the New York State Real Property Tax Law Section 485-g, Infrastructure Exemption

Information

Department:AssessmentSponsors:
Category:Real Property

Attachments

  1. Printout
  2. 2017 Local Law 485g (This file has not yet been converted to a viewable format)
  3. LLc of 2017 (This file has not yet been converted to a viewable format)
  4. LL3-17

Resolution/Document Body

WHEREAS, the Tompkins County Legislature wishes to encourage more housing units within the County, and

 

WHEREAS, one of the many impediments to building housing is the holding costs of the land after expending money on upgrading the infrastructure, and

 

WHEREAS, the New York State Legislature has authorized an exemption that would provide a three-year abatement on the increase in value due to the improvements made to the public infrastructure (utilities and road) so long as the developer retains ownership of the newly subdivided lots, now therefore be it

 

RESOLVED, on recommendation of the Government Operations Committee, That proposed Local Law No. 3 of 2017 - A Local Law Enacting the New York State Real Property Tax Law Section 485-g, Infrastructure Exemption, be and hereby is adopted,

 

RESOLVED, further, That the Clerk of the Legislature shall publish in the official newspaper of the County a notice of adoption containing a synopsis of said local law and shall within twenty days file one certified copy in the Office of the County Clerk, and one copy with the Secretary of State.

SEQR ACTION: TYPE II-20