Be it enacted by the Town Board of the Town of Portville as follows:
I. Authorization for Exemption
This local law, using Section 485-b of the Real Property Tax Law, authorizes a partial exemption
from real property taxation for commercial, business or industrial property constructed, altered,
installed or improved on or after the effective date of this law. The cost of such construction,
alteration, installation or improvement must exceed $10,000. Ordinary maintenance and repairs do
not qualify for exemption. The property must not be receiving or have received any other
exemption authorized by the Real Property Tax Law with respect to the same improvements,
unless during the period of the prior exemption, payments in lieu of taxes were made in amounts
that were at least equal to the taxes that would have been paid had the property been receiving
the section 485-b exemption. This local law does not limit the exemption by specific geographic
areas and to sectors and sub sectors of businesses as defined in the North American Industry
Classification System.
II. Colloquial Name of Law
The colloquial name of this local law, which is a Town of Portville adoption and implementation of
Section 485-b of the Real Property Tax Law, shall be “The Business Improvement Exemption Law.”
III. Duration and Computation of Exemption
The exemption in the first year is 50% of the increase in the assessed value attributable to the
improvement. The exemption amount then decreases by 5% in each of the next nine years. This
declining percentage continues to be applied to the increase in assessed value determined in the
first year of the exemption, unless there is a change in level of assessment for an assessment roll
of 15% or more, as certified by the State Board of Real Property Services, in which case an
adjustment is required.
IV. Application for Exemption
The exemption applies to charges imposed upon real property by or on behalf of the Town of
Portville for municipal purposes and to special ad valorem levies except those levied for fire
district, fire protection district or fire alarm district purposes. The exemption does not apply to
costs incurred for ordinary maintenance and repairs nor to property used primarily for residential
purposes other than hotels or motels.
V. Filing for Exemption
Application for exemption from Town of Portville taxes must be filed, using form (RP-485-b) with
the town assessor, not the State Board of Real Property Services.
VI. Time of Filing Application
The RP-485-b application must be filed in the assessor’s office on or before the taxable status
date of March 1st and within one year from the date of completion of the improvements.
VII. Exemption Retention Conditions
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.
VIII. Repeal of Prior Local Law Relating to Section 485-b of Real Property Tax Law
This Local Law shall repeal Local Law 1 of 1978.
IX. Effective Date
This Local Law shall take effect immediately upon this filing thereof in the Office of the Secretary
of State of the State of New York.
I. Authorization for Exemption
This local law, using Section 485-b of the Real Property Tax Law, authorizes a partial exemption
from real property taxation for commercial, business or industrial property constructed, altered,
installed or improved on or after the effective date of this law. The cost of such construction,
alteration, installation or improvement must exceed $10,000. Ordinary maintenance and repairs do
not qualify for exemption. The property must not be receiving or have received any other
exemption authorized by the Real Property Tax Law with respect to the same improvements,
unless during the period of the prior exemption, payments in lieu of taxes were made in amounts
that were at least equal to the taxes that would have been paid had the property been receiving
the section 485-b exemption. This local law does not limit the exemption by specific geographic
areas and to sectors and sub sectors of businesses as defined in the North American Industry
Classification System.
II. Colloquial Name of Law
The colloquial name of this local law, which is a Town of Portville adoption and implementation of
Section 485-b of the Real Property Tax Law, shall be “The Business Improvement Exemption Law.”
III. Duration and Computation of Exemption
The exemption in the first year is 50% of the increase in the assessed value attributable to the
improvement. The exemption amount then decreases by 5% in each of the next nine years. This
declining percentage continues to be applied to the increase in assessed value determined in the
first year of the exemption, unless there is a change in level of assessment for an assessment roll
of 15% or more, as certified by the State Board of Real Property Services, in which case an
adjustment is required.
IV. Application for Exemption
The exemption applies to charges imposed upon real property by or on behalf of the Town of
Portville for municipal purposes and to special ad valorem levies except those levied for fire
district, fire protection district or fire alarm district purposes. The exemption does not apply to
costs incurred for ordinary maintenance and repairs nor to property used primarily for residential
purposes other than hotels or motels.
V. Filing for Exemption
Application for exemption from Town of Portville taxes must be filed, using form (RP-485-b) with
the town assessor, not the State Board of Real Property Services.
VI. Time of Filing Application
The RP-485-b application must be filed in the assessor’s office on or before the taxable status
date of March 1st and within one year from the date of completion of the improvements.
VII. Exemption Retention Conditions
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.
VIII. Repeal of Prior Local Law Relating to Section 485-b of Real Property Tax Law
This Local Law shall repeal Local Law 1 of 1978.
IX. Effective Date
This Local Law shall take effect immediately upon this filing thereof in the Office of the Secretary
of State of the State of New York.
welcome to:
PORTVILLE, NEW YORK
PORTVILLE, NEW YORK
A local law referred to as "The Business Improvement
Exemption Law", using Section 485-b of the Real Property
Tax Law, that authorizes a partial exemption from real
property taxation for commercial, business or industrial
property constructed, altered, installed or improved on or
after adoption into law.
Exemption Law", using Section 485-b of the Real Property
Tax Law, that authorizes a partial exemption from real
property taxation for commercial, business or industrial
property constructed, altered, installed or improved on or
after adoption into law.
Local Law 4 2008:
Passed by Town Board
04/16/2008, pending
receipt by DOS
04/16/2008, pending
receipt by DOS
Town Municipal Building
1102 Portville-Olean Rd
PO Box 630
Portville, NY 14770
(716) 933-6658 Office
(716) 933-7877 Fax
contact-us@portville-ny.org
1102 Portville-Olean Rd
PO Box 630
Portville, NY 14770
(716) 933-6658 Office
(716) 933-7877 Fax
contact-us@portville-ny.org
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