§ 467-h. Partial abatement for certain rebuilt real property seriously\ndamaged by the severe storm that occurred on the twenty-ninth and\nthirtieth of October, two thousand twelve in a city having a population\nof one million or more. 1. Generally. Notwithstanding any provision of\nany general, special or local law to the contrary, any city having a\npopulation of one million or more is hereby authorized and empowered to\nadopt and amend local laws in accordance with this section to grant a\npartial abatement of real property taxes for the fiscal year beginning\non the first of July, two thousand fourteen, in the amount provided in\nthis section to eligible real property as defined in subdivision three\nof this section on the first of July, two thousand fourteen. If legal\ntitle to eligible real property is held by one or more trustees, the\nbeneficial owner or owners shall be deemed to own the property for\npurposes of this section. Notwithstanding any provision of this article\nto the contrary, a property that is receiving benefits pursuant to any\nother section of this article shall not be prohibited from receiving a\npartial abatement pursuant to this section if such property is otherwise\neligible to receive such abatement.\n 2. Definitions. As used in this section:\n a. "Actual assessed valuation" means the assessed valuation of real\nproperty prior to the calculation of any transitional assessed valuation\npursuant to subdivision three of section eighteen hundred five of this\nchapter, and which is not reduced by any exemption from real property\ntaxes.\n b. "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 c. "Annual tax attributable to improvements" means the amount of real\nproperty tax that is imposed on a property for a fiscal year, determined\nafter reduction for any amount from which the property is exempt, or\nwhich is abated, pursuant to applicable law, multiplied by a fraction,\nthe numerator of which is equal to the assessed valuation of the\nproperty for such fiscal year that is attributable to the improvements\non the property, and the denominator of which is the total assessed\nvaluation of the property for such fiscal year.\n d. "Assessed valuation" means the assessed valuation of real property\nthat was used to determine the annual tax as defined in paragraph b of\nthis subdivision, and which is not reduced by any exemption from real\nproperty taxes. For real property classified as class two or class four\nreal property as defined in subdivision one of section eighteen hundred\ntwo of this chapter to which subdivision three of section eighteen\nhundred five of this chapter applies, unless otherwise provided, the\nassessed valuation is the lower of the actual assessed valuation as\ndefined in paragraph a of this subdivision and transitional assessed\nvaluation as defined in paragraph j of this subdivision.\n e. "Assessed valuation attributable to improvements" means that\nportion of the assessed valuation of real property that was used to\ndetermine the annual tax attributable to improvements as defined in\nparagraph c of this subdivision, and which is not reduced by any\nexemption from real property taxes.\n f. "Commissioner of finance" means the commissioner of finance of a\ncity having a population of one million or more, or his or her designee.\n g. "Department of finance" means the department of finance of a city\nhaving a population of one million or more.\n h. "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 i. "Total square footage of the improvements on the property" means,\nwith re
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