[Adopted 11-22-1982 by L.L. No. 5-1982 (Ch. 142, Art. I, of
the 1976 Code)]
Real property owned by one or more persons, each of whom is
65 years of age or over, or real property owned by a husband and wife,
one of whom is 65 years of age or over, shall be exempt from taxation
by this Village to the extent of the property located within the taxing
authority of the Village of Lancaster in the maximum amount of 50%
of the assessed valuation thereof.
The exemption herein provided shall apply only to property taxes
levied and collected by the Village of Lancaster as the taxing authority.
[Amended 2-26-2001 by L.L. No. 1-2001; 12-12-2005 by L.L. No.
9-2005; 2-23-2009 by L.L. No. 2-2009; 6-14-2021 by L.L. No. 11-2021]
No exemption shall be granted:
A.
If the income of the owner or the combined income of the owners of
the property exceeds $29,699.99 for the income tax year immediately
preceding the date of making application for the exemption.
(1)
If the combined income is $29,699.99 or less, the following schedule
will determine the percentage of discount:
|
Annual Total Income
|
Percentage of Discount
|
|---|---|
|
$0 to $24,000
|
50%
|
|
$24,000.01 to $24,999.99
|
45%
|
|
$25,000 to $25,999.99
|
40%
|
|
$26,000 to $26,999.99
|
35%
|
|
$27,000 to $27,899.99
|
30%
|
|
$27,900 to $28,799.99
|
25%
|
|
$28,800 to $29,699.99
|
20%
|
(2)
Where title is vested in either the husband or the wife, their combined
income may not exceed such sum. Such income shall include social security
and retirement benefits, interest, dividends, total gain from the
sale or exchange of a capital asset which may be offset by a loss
from the sale or the exchange of a capital asset in the same income
tax year, net rental income, salary or earnings and net income from
self-employment but shall not include gifts or inheritances.
B.
Unless the title of the property shall have been vested in the owner
or all of the owners of the property for at least 24 consecutive months
prior to the date of making application for exemption.
C.
Unless the property is used exclusively for residential purposes.
D.
Unless the real property is the legal residence of and is occupied
in whole or in part by the owner or by all of the owners of the property.
Application for such exemption must be made by the owner or
all of the owners of the property, on forms to be provided by the
Village of Lancaster, and shall furnish the information and be executed
in the manner required or prescribed in such forms, and shall be filed
in the office of the Village Clerk-Treasurer at least 60 days before
the day for filing the final assessment roll for the fiscal year 1983-1984,
and for each fiscal year thereafter, shall be filed at least 90 days
before the day for filing the final assessment roll.
Any conviction of having made any willful false statement in
the application for such exemption shall be subject to the penalties
prescribed in Subdivision 7 of § 467 of the Real Property
Tax Law of the State of New York.
