Authorizes the village of New Hyde Park to apply for exemption from real property taxes for certain 2024-2025 and 2025 taxes.
The bill allows the village of New Hyde Park to submit an application for exemption from real property taxes for a portion of the 2024-2025 school taxes and all of the 2025 general taxes. The application must be accepted by the Nassau County assessor and reviewed as if it had been received on or before the taxable status date. If the application is approved by the Nassau County legislature, the assessor may correct the tax rolls accordingly. The act takes effect immediately.
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