[Adopted 2-8-2000 by L.L. No. 1-2000[1]]
[1]
Editor's Note: This local law provided that
it shall take effect immediately and shall apply to assessment rolls
prepared on the basis of taxable status dates occurring on or after
the effective date of this local law.
[Amended 1-14-2003; 7-24-2007]
All real property in the Village of Manlius
meeting the application, ownership, residency, income and use requirements
of § 459-c of the Real Property Tax Law shall receive an
exemption equal to 50% of the property's assessed value. The maximum
income ("M") for purposes of the 50% exemption shall equal $26,000.
The Board of Trustees may alter the income maximum in the future by
enactment of a resolution providing for such change. Furthermore,
a sliding scale exemption of between 45% and 5% shall be provided
in accordance with the income schedule included in Real Property Tax
Law, § 459-c.
Any exemption provided by this article shall
be computed after all other partial exemptions have been subtracted
from the total assessed value. No parcel may receive an exemption
pursuant to both Real Property Tax Law, § 459-c (disabled
with limited income) and § 467 (aged with limited income).
Application for such exemption must be made
annually by the owner, or all of the owners, of the property, on application
forms prescribed by the New York State Board of Real Property Services,
and filed in the Assessor's office on or before the applicable taxable
status date; provided, however, that proof of a permanent disability
need be submitted only in the year this exemption is first sought
or the disability is first determined permanent. At least 60 days
prior to the taxable status date, the Assessor shall annually mail
to all exemption recipients listed on the latest completed assessment
roll an application form and a notice that such application must be
filed on or before the taxable status date.
