If an exemption has once been granted to a business
facility under this chapter and the Assessor's office of the Town
of Brookhaven receives notice that a certificate of eligibility of
such facility has been revoked or modified, the Assessor shall redetermine
the assessed value of any such exemption in accordance with any such
revocation or modification. If, upon such redetermination, it appears
that, for a year for which an exemption has been granted, such facility
has been ineligible or that the assessed value of such exemption as
redetermined is less than the assessed value of such exemption as
shown on the assessment rolls for such year, then a tax shall be levied
at the rate of tax for such year upon so much of the assessed valuation
of such exemption, as shown on such assessment rolls, as may be ineligible
or excessive. Such tax shall be levied as an omitted assessment in
the manner provided in § 550 of the New York Real Property
Tax Law for each such year. Any such redetermination shall be made
no later than three years after the applicant for exemption last received
benefit of any exemption under § 485 of the New York Real
Property Tax Law.
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
