[Adopted 4-20-1977 (Ch. 102B of the 1967 Code)]
In accordance with the Real Property Tax Law § 467, a 50% tax exemption shall be granted on real property owned by persons who meet the regulations of § 467 of the Real Property Tax Law and who make application to the City Assessor.
[Amended 4-13-1978; 3-26-1980; 4-16-1980; 12-23-1980; 9-14-1982[1]]
The exemption shall not be granted if the income of the owner of the property for the income tax year immediately preceding the date of making the application for exemption exceeds $12,025.
[1]
Editor's Note: Amended at time of adoption of Code; see Ch. 1, General Provisions, Art. I.
[Added 10-24-1989; amended 12-2-1993; 1-19-1995; 11-16-1995]
The senior citizens tax exemption shall be in the following amounts:
Income
Percentage
$17,500.00 or less
50
$17,500.00 to $18,500.00
45
$18,500.00 to $19,500.00
40
$19,500.00 to $20,500.00
35
$20,500.00 to $21,400.00
30
$21,400.00 to $22,300.00
25
$22,300.00 to $23,200.00
20
$23,200.00 to $24,100.00
15
$24,100.00 to $25,000.00
10
$25,000.00 to $25,899.99
5
[Amended 4-13-1978; 3-26-1980; 12-30-1980; 9-14-1982]
This resolution is passed under authority of New York State Real Property Tax Law § 467, as amended in 1982.