The New York State Legislature has recently
enacted Real Property Tax Law § 459-c which authorizes municipalities
to grant real property tax exemptions to those persons who are fully
disabled and who meet other income requirements. The Town Board feels
that this is an appropriate exemption to grant to residents within
the Town of Cortlandt and, as such, does hereby enact this article.
[Amended 1-13-2004 by L.L. No. 1-2004; 1-23-2007 by L.L. No. 1-2007; 7-21-2009 by L.L. No. 4-2009; 3-12-2024 by L.L. No. 3-2024]
The Town Board of the Town of Cortlandt does hereby adopt the
provisions of § 459-c of the Real Property Tax Law of the
State of New York and does hereby grant to any property owner within
said Town meeting the requirements of said statute the exemptions
granted by said statutes for persons with disabilities and limited
incomes.
A. The amount of income permissible for such persons who are disabled
to qualify for partial tax exemption on real property pursuant to
New York State legislation shall be as follows:
(1) Annual income for 2023. Said exemptions will take effect upon filing
with the Secretary of State and shall apply to assessment rolls prepared
on the basis of taxable status dates occurring on or after May 1,
2024. Such income shall include what is defined in § 459-c
of the Real Property Tax Law. For purposes of income calculation,
the Town opts in to include IRA distributions (if any) and opts to
exclude unreimbursed medical expenses. No exemption shall be granted
if the property applied for is part of a cooperative apartment corporation.
Annual Income
|
Tax Exemption Allowed
|
---|
Less than $50,000
|
50%
|
$50,000 to $50,999.99
|
45%
|
$51,000 to $51,999.99
|
40%
|
$52,000 to $52,999.99
|
35%
|
$53,000 to $53,899.99
|
30%
|
$53,900 to $54,799.99
|
25%
|
$54,800 to $55,699.99
|
20%
|
$55,700 to $56,599.99
|
15%
|
$56,600 to $57,499.99
|
10%
|
$57,500 to $58,399.99
|
5%
|
The Assessor of the Town of Cortlandt be and
hereby is authorized and directed to implement the provisions of Real
Property Tax Law § 459-c and to utilize all exemption claim
forms, etc., and standards as promulgated by the Office of Real Property
Services of the State of New York.
[Added 3-12-2024 by L.L. No. 3-2024]
Application for such exemption must be made by the owner or
all of the owners of the property on forms to be furnished by the
Town of Cortlandt Assessor's office, and said form shall furnish the
information and be executed in the manner required or prescribed in
such forms and shall be filed in such Assessor's office by the taxable
status date.