§ 166-16. Grant of exemption.

Pursuant to § 485 of the Real Property Tax Law, under authority of Article 4-A of the Commerce Law, the City Assessor is hereby directed to grant to certified business owners or operators tax exemptions on eligible property, as the same is defined by the aforesaid statutes. Such exemption shall be granted upon an application by such owner or operator on the form prescribed by law, to which there shall be attached a copy of a certificate of eligibility issued by the New York State Job Incentive Board. Upon a determination by the Assessor that such application is in proper order, the Assessor shall determine the assessed value of such exemption in accordance with the certificate of eligibility and enter such value on the exempt portion of the assessment roll to the extent provided herein.