Town of Copake, NY Article I Senior Citizens Tax Exemption

[Adopted 2-8-1967; amended in its entirety 6-13-1996 by L.L. No. 1-1996]

§ 204-1 Exemption granted.

A partial exemption from taxation to the extent of 50% of the assessed valuation of real property which is owned by certain persons with limited income who are 65 years of age or older meeting the requirements set forth in § 467 of the Real Property Tax Law is hereby granted.

§ 204-2 Maximum income level; schedule of partial exemption level.

[Amended 12-11-2003 by L.L. No. 2-2003; 2-22-2008 by L.L. No. 1-2008]

A. 2008 property tax roll. With regard to the 2008 property tax roll, beginning on July 1, 2007, the maximum income level for the fifty-percent exemption for senior citizens is established at $27,000, and the following partial exemptions are established for persons with income greater than $27,000 but less than $35,400:

Annual Income	Percentage of Assessed Valuation Exempt From Taxation
More than $27,000.00 but less than $27,999.99	45%
More than $28,000.00 but less than $28,999.99	40%
More than $29,000.00 but less than $29,999.99	35%
More than $30,000.00 but less than $30,899.99	30%
More than $30,900.00 but less than $31,799.99	25%
More than $31,800.00 but less than $32,699.99	20%
More than $32,700.00 but less than $ 33,599.99	15%
More than $33,600.00 but less than $34,499.99	10%
More than $34,500.00 but less than $35,399.99	5%

B. 2009 property tax roll. With regard to the 2009 property tax roll, beginning on July 1, 2008, the maximum income level for the fifty-percent exemption for senior citizens is established at $28,000, and the following partial exemptions are established for persons with income greater than $28,000 but less than $36,400:

Annual Income	Percentage of Assessed Valuation Exempt From Taxation
More than $28,000.00 but less than $28,999.99	45%
More than $29,000.00 but less than $29,999.99	40%
More than $30,000.00 but less than $30,999.99	35%
More than $31,000.00 but less than $31,899.99	30%
More than $31,900.00 but less than $32,799.99	25%
More than $32,800.00 but less than $33,699.99	20%
More than $33,700.00 but less than $34,599.99	15%
More than $34,600.00 but less than $35,499.99	10%
More than $35,500.00 but less than $36,399.99	5%

C. 2010 property tax roll. With regard to the 2010 property tax roll, beginning on July 1, 2009, the maximum income level for the fifty-percent exemption for senior citizens is established at $29,000, and the following partial exemptions are established for persons with income greater than $29,000 but less than $37,400:

Annual Income	Percentage of Assessed Valuation Exempt From Taxation
More than $29,000.00 but less than $29,999.99	45%
More than $30,000.00 but less than $30,999.99	40%
More than $31,000.00 but less than $31,999.99	35%
More than $32,000.00 but less than $32,899.99	30%
More than $32,900.00 but less than $33,799.99	25%
More than $33,800.00 but less than $34,699.99	20%
More than $34,700.00 but less than $35,599.99	15%
More than $35,600.00 but less than $36,499.99	10%
More than $36,500.00 but less than $37,399.99	5%