§ 166-21. Grace period reduced.


Latest version.
  • Pursuant to § 1104 of the Real Property Tax Law of the State of New York, from and after the ninth day of July, 1985, the City of Lockport does hereby elect to shorten the four-year period referred to in Subdivision 1 of § 1120, as aforesaid, to the minimum allowable time period of two years referred to in Subdivision 2 of § 1120 of Title 3 of Article 11 of the Real Property Tax Law of the State of New York; provided, however, that for the first calendar year for which this article is to be effective, the allowable time period shall be three years as is provided in Subdivision 2 of § 1120 as aforesaid.