NY S08430

Authorizes the assessor of the town of Ramapo to accept a late application from Congregation Ohr Yitzchok, a not-for-profit organization, for real property tax exemption under section 420-a of the real property tax law for the 2007, 2008, and 2009 assessment rolls

Property subject to exemption is located at 174 Maple Avenue, Monsey, identified as section 56.8, block 3, lot 55, and shall be reviewed as if the application had been timely filed before the taxable status date

Permits the town of Ramapo assessor, upon town board approval, to grant the exemption if the organization acquired title to the property between the taxable status dates and would otherwise qualify for exemption

Authorizes the town of Ramapo town board to refund any taxes already paid and cancel any unpaid taxes, fines, penalties, liens, or interest at its sole discretion if exemption is granted

Act takes effect immediately upon enactment