[Adopted 4-7-1975; amended in its entirety 11-27-2006 by L.L. No. 3-2006]
The provisions of § 467 of the Real Property Tax Law of the State of New York shall be effective and shall apply to real property located in the Town of Ontario.
All applicable provisions of § 467 of the Real Property Tax Law of the State of New York, including all subdivisions, together with any and all appropriate amendments to that law, are hereby approved and adopted as and for the law and procedures of the Town of Ontario except where provisions of this article or any other local law or ordinance of the Town of Ontario shall prescribe differently. In such event, compliance with the provisions of such local law or ordinance shall constitute proper compliance with this article.
[Amended 11-21-2022 by L.L. No. 4-2022; 1-9-2023 by L.L. No. 1-2023]
Real property owned by one or more persons, each of whom is 65 years of age or over, or real property owned by husband and wife or by siblings, one of whom is 65 years of age or over, or real property owned by one or more persons, some of whom qualify under § 467, Subdivision 1(a), of the Real Property Tax Law shall be exempt from taxation by any municipal corporation in which located, based upon the following graduated scale, with the maximum of 50% of the assessed valuation for persons whose combined incomes total less than or equal to $41,601, up to a minimum of 5% of the assessed valuation for persons whose combined incomes total less than or equal to $50,000.99. For the purposes of this section, "siblings" shall mean a brother or a sister, whether related through half-blood, whole blood, or adoption:
Annual Income Range
Exemption Percentage
$41,601 or less
50%
$41,601 to $42,600.99
45%
$42,601 to $43,600.99
40%
$43,601 to $44,600.99
35%
$44,601 to $45,500.99
30%
$45,501 to $46,400.99
25%
$46,401 to $47,300.99
20%
$47,301 to $48,200.99
15%
$48,201 to $49,100.99
10%
$49,101 to $50,000.99
5%
$50,001 or more
Not eligible