§ 545-A — State aid; certain lands in Suffolk county

New York § 545-A

• Jurisdiction: New York
• Law RPT: Real Property Tax
• Title 2: Assessment and Taxation of Certain State Lands
• Art. 5: Assessment Procedure

Text

§ 545-a. State aid; certain lands in Suffolk county. 1. State aid\nshall be payable to any tax district, as defined in subdivision five of\nthis section when on any assessment roll the taxable assessed valuation\nin such district is reduced by a taking of previously taxable property\nby the state or any agency thereof.\n 2. The state aid payable to a tax district as defined in subdivision\nfive of this section shall be equal to one hundred percent of the total\namount of taxes which were levied on the assessed valuation so removed\nfrom the assessment roll in the year immediately preceding such removal.\nSaid payments shall be made for five years immediately succeeding the\neffective date of this section. In the next three succeeding years,\nstate aid payable to such tax district shall be equal to seventy-five\npercent, fifty percent and twenty-five percent, respectively, of the\ntotal amount of taxes which were levied on the assessed valuation\nremoved from the assessment roll for the year preceding such removal.\n 3. In making computations and determinations pursuant to this section,\nthere shall be taken into account increases or decreases in the level of\nassessment.\n 4. The chief fiscal officer of a tax district which qualifies for\nstate aid pursuant to this section shall make application therefor to\nthe commissioner. The application shall be made on a form prescribed by\nsuch commissioner and shall contain such information as the commissioner\nshall require. Upon approval of the application therefor by the\ncommissioner, such state aid shall be paid upon audit and warrant by the\nstate comptroller.\n 5. The term "tax district" shall mean a school district located within\nthe county of Suffolk wherein real property was taken by the department\nof environmental conservation by deeds recorded on the sixteenth day of\nOctober and the twenty-ninth day of November, nineteen hundred\nseventy-eight.\n