The exemption from taxation of real property
authorized by § 467 of the Real Property Tax Law as to real
property owned by persons 65 years of age or over is and shall be
effective as to real property located in the Town of Jerusalem.
The terms and conditions of § 467
of the Real Property Tax Law shall be in effect in the Town of Jerusalem.
[Amended 12-17-2008 by L.L. No. 7-2008; 3-18-2009 by L.L. No. 1-2009; 2-17-2016 by L.L.
No. 1-2016; 11-15-2023 by L.L. No. 2-2023]
A. In accordance with § 467 of the Real Property Tax Law,
real property owned by persons aged 65 years or older will be exempt
from taxation to the extent shown below as determined by the owner
or owners' corresponding annual income:
Annual Income
|
Percentage Assessed Valuation Exempt From Taxation
|
---|
$0 to $20,000
|
50%
|
$20,000.01 to $20,999.99
|
45%
|
$21,000 to $21,999.99
|
40%
|
$22,000 to $22,999.99
|
35%
|
$23,000 to $23,899.99
|
30%
|
$23,900 to $24,799.99
|
25%
|
$24,800 to $25,699.99
|
20%
|
$25,700 to $26,599.99
|
15%
|
$26,600 to $27,499.99
|
10%
|
$27,500 to $28,399.99
|
5%
|
$28,400 or more
|
0%
|
B. This increase shall be effective with the 2024 assessment roll.
[Added 12-13-2000 by L.L. No. 3-2000]
Pursuant to the authority granted to municipal
corporations by the legislature of the State of New York in Paragraph
5 of § 467 of the Real Property Tax Law, the Town of Jerusalem
hereby elects to extend the benefits of § 467 of the Real
Property Tax Law, (relating to exemption for persons 65 years of age
or older) as otherwise in effect in the Town of Jerusalem, to persons
otherwise qualifying for the same who attain age 65 years after the
appropriate taxable status date and on or before December 31 of the
same year.