§ 1805-b. Assessment of real property damaged by the severe storm that\noccurred on the twenty-ninth and thirtieth of October, two thousand\ntwelve in a special assessing unit that is not a city. 1. Generally.\nNotwithstanding any provision of any general, special or local law to\nthe contrary, any special assessing unit that is not a city is hereby\nauthorized and empowered to adopt and amend local laws in accordance\nwith this section to provide that the assessed value of affected real\nproperty, as defined in subdivision three of this section, shall be\nsubject to the limitations provided in this section. Following the\nadoption of this act by a special assessing unit that is not a city, any\ntown, school district or village which uses the assessment roll of such\nspecial assessing unit that is not a city for the levy of taxes, may\nalso adopt a local law or resolution to grant the exemption authorized\npursuant to this section.\n 2. Definitions. As used in this section:\n (a) "Actual assessed value" means the assessed value of real property\nprior to the calculation of any transitional assessed value, and which\nis not reduced by any exemption from real property taxes.\n (b) "Aggregate physical increase" means the sum of physical increases\nfor assessment rolls completed from two thousand fourteen through two\nthousand twenty.\n (c) "Annual tax" means the amount of real property tax that is imposed\non a property for a fiscal year, determined after reduction for any\namount from which the property is exempt, or which is abated, pursuant\nto applicable law.\n (d) "Annual tax attributable to improvements" means the annual tax,\nmultiplied by a fraction, the numerator of which is equal to the\nassessed value attributable to improvements on the property for the\nfiscal year, and the denominator of which is the total assessed value of\nthe property for such fiscal year.\n (e) "Assessed value" means the assessed value of real property that\nwas used to determine the annual tax, and which is not reduced by any\nexemption from real property taxes. For real property classified as\nclass two or class four real property, as defined in subdivision one of\nsection eighteen hundred two of this article to which subdivision three\nof section eighteen hundred five of this article applies, unless other-\nwise provided, the assessed value is the lower of the actual assessed\nvalue and transitional assessed value.\n (f) "Assessed value attributable to improvements" means that portion\nof the assessed value that was used to determine the annual tax attrib-\nutable to improvements, and which is not reduced by any exemption from\nreal property taxes.\n (g) "Improvements" means buildings and other articles and structures,\nsubstructures and superstructures erected upon, under or above the land,\nor affixed thereto, including bridges and wharves and piers and the\nvalue of the right to collect wharfage, cranage or dockage thereon.\n (h) "Physical decrease" means the decrease in assessed value from the\nassessed value on the preceding assessment roll as a result of\ndestruction of property caused by the severe storm that occurred on the\ntwenty-ninth and thirtieth of October, two thousand twelve, such\ndecrease to which subdivision five of section eighteen hundred five of\nthis article applies.\n (i) "Physical increase" means the increase in assessed value from the\nassessed value on the preceding assessment roll as a result of an addi-\ntion to or improvement of existing real property as provided in subdivi-\nsion five of section eighteen hundred five of this article, for the\npurpose of reconstruction or repair in connection with the damage caused\nby the severe storm that occurred on the twenty-ninth and thirtieth of\nOctober, two thousand twelve, such increase to which subdivision five of\nsection eighteen hundred five of this article applies subject to the\nprovisions of this section.\n (j) "Total square footage of the improvements
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