The Town/Village of East Rochester
Deconversion Incentive
The Village of East Rochester has in effect a law which provides an incentive to owners of multi-family dwellings for converting those structures to single-family usage.
There are several multi-family dwellings in the village, generally rental property, which had originally been built as single-family homes. The goal of the Village Board is to incent as many property owners as possible to return these homes to their original single family use. The results should have positive benefits to our greater community. Restoring those homes to single family use results in a more valuable piece of property. Single family homes in the Village continue to appreciate in value, in most cases, at a higher rate than multi-family properties.
The owner of “de-converted” property under this incentive would receive an annual tax rebate of the entire village tax amount, or $750.00, whichever is lesser. That rebate continues for ten years and stays with the property, regardless of ownership throughout that time.
The text of the law is below. For more information call the Building Department @ 385-3513.
Local Law – Deconversion Incentive
A law to provide an economic incentive for the de-conversion of properties currently assessed and listed as multiple dwellings.
The owner of any property assessed as a multi-family dwelling shall be eligible for a de-conversion tax rebate as set forth hereunder for a period not to exceed ten (10) years, upon the following conditions:
The property shall be converted to single-family dwelling after inspection and certification by the Building Inspector and Village Assessor.
The de-conversion and corresponding zoning change shall benefit successors and/or assign. Owner herein agrees to execute any further assurances, including by not limited to deed restrictions in order to effectuate said change.
If the property should be transferred or sold at any time within the ten (10) year period, any remaining years of de-conversion tax rebate shall transfer to the new owner.
The tax rebate shall be calculated as follows: An amount equal to the property owner’s actual village tax bill for each year of ten (10) or seven hundred fifty dollars ($750.00), whichever is the lesser amount.
The foregoing tax rebate shall be effective upon issuance of a Certificate of Occupancy verifying that the property has been converted to a single family residence and shall be subject to revocation upon non-compliance or termination of any of the criteria established herein.
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