[Amended 1-9-1990 by L.L. No. 1-1990; 4-11-1995 by L.L. No. 1-1995]
Pursuant to the provisions of § 467
of the Real Property Tax Law and as therein provided, the real property
owned by one or more persons, each of whom is 65 years of age or older,
or real property owned by a husband and wife, one of whom is 65 years
of age or older or shall become 65 years of age on or before December
31 of the taxable year, shall be exempt from taxation by the Village
of Spring Valley to the extent that such exemption shall be computed
in accordance with the Real Property Tax Law § 467.
[Last amended 2-23-2017 by L.L. No. 1-2017]
A. Legislative purpose. The Village Board of Trustees ("Village Board")
of the Village of Spring Valley, New York ("Village") hereby finds
that there is a critical and compelling need, in the public interest,
to continue without interruption real property tax exemptions previously
provided to senior citizens in the Village. The Village previously
supported senior citizens in the Village by providing them with certain
property tax exemptions and, whether or not those exemptions may be
construed to have been properly granted, intends to continue its support
of these taxpayers on future tax rolls published on or after the effective
date of this legislation.
B. Senior citizen exemption rates. The Village of Spring Valley, for
assessment rolls prepared on the basis of taxable status date occurring
on or after January 1, 2001, hereby grants partial exemption from
real property taxation so as to increase the minimum income exemption
eligibility level for exemption for Village taxes pursuant to § 467
of the Real Property Tax Law to the extent provided in the following
schedule:
Annual Income of Applicant or Applicants
|
Percentage of Assessed Valuation Exempt From Taxation
|
---|
Up to $29,000
|
50%
|
More than $29,001 but less than $30,000
|
45%
|
More than $30,001 but less than $31,000
|
40%
|
More than $31,001 but less than $32,000
|
35%
|
More than $32,001 but less than $32,900
|
30%
|
More than $32,901 but less than $33,800
|
25%
|
More than $33,801 but less than $34,700
|
20%
|
More than $34,701 but less than $35,600
|
15%
|
More than $35,601 but less than $36,500
|
10%
|
More than $36,501 but less than $37,400
|
5%
|
C. State Environmental Quality Review Act. Pursuant to 6 NYCRR 617.5(c)(30),
this article is classified as Type II action which requires no further
review under the State Environmental Quality Review Act.
D. Severability. If any clause, sentence, paragraph, section, or part
of this section shall be adjudged by any court of competent jurisdiction
to be invalid, such judgment shall not affect, impair, or invalidate
the remainder hereof but shall be confined in its operation to the
clause, sentence, paragraph, section or part hereof directly involved
in the controversy in which such judgment shall have been rendered.
E. Effective date. This exemption, as set forth above, takes effect
immediately and is to be applied nunc pro tunc and retroactively to
January 1, 2016.
[Amended 10-14-1986 by L.L. No. 7-1986; 1-9-1990 by L.L. No. 1-1990; 10-23-1990 by L.L. No. 13-1990; 12-23-1991 by L.L. No. 14-1991; 8-17-1993 by L.L. No. 6-1993; 11-22-1994 by L.L. No. 11-1994; 11-28-1995 by L.L. No. 4-1995]
This Article shall take effect immediately upon
filing with the Secretary of State, and shall apply to assessment
rolls prepared on the taxable status date occurring on or after January
1, 1996.