NY S07775

Authorizes the Nassau County assessor to accept a late real property tax exemption application from the village of Farmingdale under section 406 of the real property tax law for parcel ID section 49 block 70 lot 399 at 254 Main Street.

Applies retroactive exemption status to a portion of 2016-2017 school taxes and 2017 general taxes, and all 2017-2018 school taxes and 2018 general taxes for the specified parcel.

Requires the assessor to review the application as if it had been timely filed on or before the taxable status date for each applicable assessment roll.

Permits the assessor, upon Nassau County Legislature approval, to correct the assessment rolls if the municipality would otherwise qualify for the exemption.

Authorizes the applicable governing body or tax department to refund any taxes paid and cancel unpaid taxes, fines, penalties, liens, and interest at their sole discretion.