[Adopted 2-16-1988 by L.L. No. 2-1988]
Pursuant to the authority granted by § 467
of the Real Property Tax Law, a partial tax exemption from real property
taxation for certain real property owned by persons 65 years of age
or over shall be effective in the Village of Chittenango as to taxes
imposed by the Village of Chittenango.
[Amended 1-22-1991 by L.L. No. 1-1991; 12-13-1994 by L.L. No.
6-1994; 3-19-1997 by L.L. No. 2-1997; 6-20-2006 by L.L. No.
1-2006[1]]
A.
Persons 65 years of age or over owning qualifying
real property in the Village of Chittenango shall be eligible for
a tax exemption in the following percentages, provided that said persons
shall meet the following maximum annual income eligibility requirements:
|
Annual Income
|
Percentage Assessed Valuation Exempt From
Taxation
| |
|---|---|---|
|
$20,000 or less
|
50%
| |
|
More than $20,000, up to $21,000
|
45%
| |
|
More than $21,000, up to $22,000
|
40%
| |
|
More than $22,000, up to $23,000
|
35%
| |
|
More than $23,000, up to $23,900
|
30%
| |
|
More than $23,900, up to $24,800
|
25%
| |
|
More than $24,800, up to $25,700
|
20%
| |
|
More than $25,700, up to $26,600
|
15%
| |
|
More than $26,600, up to $27,500
|
10%
|
B.
The provisions of Chapter 168 of the Laws of New York
for the year 1997 are hereby adopted so as to exclude from income,
as such is determined for purposes of eligibility for the senior citizen
exemption, veterans disability compensation as such is defined in
Title 38 of the United States Code.
[Added 1-20-1998 by L.L. No. 1-1998]
[1]
Editor's Note: This local law also stated
that it shall take effect 1-1-2007.
