NY Real Prop Tax L § 483-B (2021)
2021 New York Laws RPT - Real Property Tax Article 4 - Exemptions Title 2 - Private Property 483-B - Historic Barns.

*  §  483-b. Historic barns. 1. Historic barns which are reconstructed or rehabilitated shall be exempt from taxation to  the  extent  provided hereinafter.  After  a  public hearing, the governing board of a county, city, town or village may adopt a local law and a school district, other than a school district subject to article  fifty-two  of  the  education law,  may  adopt a resolution to grant the exemption authorized pursuant to this section. A copy of such local law or resolution shall  be  filed with  the  commissioner  and  the assessor of such county, city, town or village who prepares the assessment roll on  which  the  taxes  of  such county, city, town, village or school district are levied.   2.  (a)  Such  barns  shall  be exempt for a period of one year to the extent of one hundred per centum  of  the  increase  in  assessed  value thereof attributable to such reconstruction or rehabilitation and for an additional period of nine years subject to the following:  (i)  The extent of such exemption shall be decreased by ten per centum of the "exemption base" each year during  such  additional  period.  The "exemption  base"  shall be the increase in assessed value as determined in the initial year of the term of the exemption, except as provided  in subparagraph (ii) of this paragraph.  (ii)  In  any year in which a change in level of assessment of fifteen percent or more is certified for a final assessment roll pursuant to the rules of the commissioner, the exemption base shall be multiplied  by  a fraction,  the  numerator  of which shall be the total assessed value of the parcel on such final  assessment  roll  (after  accounting  for  any physical  or  quantity  changes  to  the  parcel  since  the immediately preceding assessment roll), and the denominator of which  shall  be  the total  assessed  value  of the parcel on the immediately preceding final assessment roll. The  result  shall  be  the  new  exemption  base.  The exemption  shall  thereupon  be  recomputed to take into account the new exemption base, notwithstanding the  fact  that  the  assessor  receives certification of the change in level of assessment after the completion, verification  and  filing of the final assessment roll. In the event the assessor does not have custody of the roll when  such  certification  is received,  the  assessor  shall  certify the recomputed exemption to the local officers having custody and control of the roll,  and  such  local officers  are  hereby  directed  and  authorized to enter the recomputed exemption certified by the assessor on the roll. The assessor shall give written notice of such recomputed exemption to the property  owner,  who may,   if   he  or  she  believes  that  the  exemption  was  recomputed incorrectly, apply for a correction in  the  manner  provided  by  title three  of  article  five  of this chapter for the correction of clerical errors.  (b)  No  such  exemption  shall  be  granted  for  reconstruction   or rehabilitation   unless   such   reconstruction  or  rehabilitation  was commenced  subsequent  to  the  effective  date  of  the  local  law  or resolution   adopted  pursuant  to  subdivision  one  of  this  section; provided, however, that such local law or resolution  may  provide  that such  reconstruction  or rehabilitation commenced prior to the effective date of such local law or resolution may qualify for the exemption.  (c) No such exemption shall be granted to an historic  barn  which  is receiving  an exemption pursuant to section four hundred eighty-three of this title or which has received an exemption pursuant to  that  section within  ten  years  of  the  date of the application for exemption filed pursuant to this section.  (d) No such exemption shall be granted to an historic  barn  which  is used for residential purposes.  (e)  No  such  exemption  shall  be  granted  for  reconstruction  and rehabilitation expenses that materially alter the historic appearance of the barn.   3.  Such exemption shall be granted only upon application by the owner of such barn on a form prescribed by the commissioner.  The  application shall  be  filed  with the assessor of the city, town, village or county having the power to assess  property  for  taxation  on  or  before  the appropriate taxable status date of such city, town, village or county.   4.  If satisfied that the barn is entitled to an exemption pursuant to this section, the assessor shall approve the application and  such  barn shall  thereafter  be exempt from taxation as herein provided commencing with the assessment roll prepared on the basis  of  the  taxable  status date  referred  to  in  subdivision  three of this section. The assessed value of any exemption granted pursuant to this section shall be entered by the assessor on the assessment roll with the taxable  property,  with the amount of the exemption shown in a separate column.   5.  For  the  purposes  of this section, an historic barn shall mean a structure that  was  at  least  partially  constructed  before  nineteen hundred thirty-six and that was originally designed and used for storing farm equipment or agricultural products, or for housing livestock.   * NB Applies to taxable years beginning on or after January 1, 1997