1977-06-06 - Laserfiche WebLink

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A Public Hearin~ on a proposed Local Law relating to the Percentage of ~xemption for Commercial, Business and Industrial Activities as provided by Section 485-b of the Real Property Tax Law was held on Wednesday, June 8~ 1977 at 7:00 P.M. in the American Legion Hall. Present: Mayor Swnnett, Tr. Alfonso, Tr. Lawrence, Tr. Silvestri, O'Rourke, Tr. $chinella, Atty. Lyons and Assessor Walker. Absent: Tr. Dolan Atty. Lyons reported this was Local Law #1 of 1977. He stated exemption could amount to 50 % of assessed value of improvement. Mr. Lyons reported Assessor recommended Village adopt local law eliminating exemption. Assessor Walker reported eruption would effect Village assessments only and the Town of Poughkeepsie and the Wappingers Central School district have endorsed the exemption. He recommended it not be endorsed as it would prove discriminatory to persons who made previous improvements. Mr. Walker reported Village's economy is not that desperate and there were only two or three parcels which could take advantage of same. He stated it could be 9ood if it applied better to the Village but there was no local input. Mr. Walker reported a minimum of $10,000 would result in an assessment of $2500. and one application would be the same as 10 veterans exemptions. He reported exemption could have drastic effect and same was &vailabl~ but not one application has been filed. ~m Mr. Walker reported that, if the Board wamt to maintain exemption, he would 90 along with same. Mr. Nusbickel~ representing the D.C. Business Association and the Chamber of Commerce, recommended allowing the tax deduction. He stated Village would be directly effected by it and exemption ¢ouldnt hurt but only help, as same would induce business. Mr. Nusblckel reported exemption wouldn't hurt existing businesses but would help the taxpayers. He stated that, if same isn't endorsed~ money would be spent in other areas and he goes alon~ with vision of en61ronment. Mr. Nusbickel reported he was lookin9 to improve the Village by en- couraging people to remodel. He stated there would be no tax gap and the Chamber was in favor of the exemption. Tr. Silvestrl reported he was in accordance with Assessor Walker as big business was looking for a tax exemption which should be given to property owners. · ~ Tr. Lawrence reported we should try to keep the erasing business here and provide an incentive for new business.