[Adopted 12-20-1983 by resolution]
[Amended 12-15-1992 by L.L. No. 2-1992]
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, one of whom is 65 years of age or over, shall be
exempt from taxation by the Village of Rye Brook for Village general
taxes as hereinafter provided. Such exemption shall be computed after
all other partial exemptions allowed by law have been subtracted from
the total amount assessed.
[Amended 10-28-1986; 12-15-1992 by L.L. No. 2-1992; 5-14-1996; 6-10-1997; 7-13-1999 by L.L. No. 1-1999; 12-10-2002 by L.L. No. 12-2002; 3-27-2007 by L.L. No. 5-2007]
The exemption shall be granted based on the
following for assessment rolls prepared on the basis of the following
taxable status dates:
A.
For the period expiring June 30, 2007:
|
Annual Income
|
Percentage of Assessed Valuation Exempt
From Taxation
|
|---|---|
|
From $0 to $26,000.00
|
50%
|
|
$26,000.01 to $26,999.99
|
45%
|
|
$27,000 to $27,999.99
|
40%
|
|
$28,000 to $28,999.99
|
35%
|
|
$29,000 to $29,899.99
|
30%
|
|
$29,900 to $30,799.99
|
25%
|
|
$30,800 to $31,699.99
|
20%
|
|
$31,700 to $32,599.99
|
15%
|
|
$32,600 to $33,499.99
|
10%
|
|
$33,500 to $34,399.99
|
5%
|
B.
For the period commencing July 1, 2007, and expiring
June 30, 2008:
|
Annual Income
|
Percentage of Assessed Valuation Exempt
From Taxation
|
|---|---|
|
From $0 to $27,000.00
|
50%
|
|
$27,000.01 to $27,999.99
|
45%
|
|
$28,000 to $28,999.99
|
40%
|
|
$29,000 to $29,999.99
|
35%
|
|
$30,000 to $30,899.99
|
30%
|
|
$30,900 to $31,799.99
|
25%
|
|
$31,800 to $32,699.99
|
20%
|
|
$32,700 to $33,599.99
|
15%
|
|
$33,600 to $34,499.99
|
10%
|
|
$34,500 to $35,399.99
|
5%
|
C.
For the period commencing July 1, 2008, and expiring
June 30, 2009:
|
Annual Income
|
Percentage of Assessed Valuation Exempt
From Taxation
|
|---|---|
|
From $0 to $28,000.00
|
50%
|
|
$28,000.01 to $28,999.99
|
45%
|
|
$29,000 to $29,999.99
|
40%
|
|
$30,000 to $30,999.99
|
35%
|
|
$31,000 to $31,899.99
|
30%
|
|
$31,900 to $32,799.99
|
25%
|
|
$32,800 to $33,699.99
|
20%
|
|
$33,700 to $34,599.99
|
15%
|
|
$34,600 to $35,499.99
|
10%
|
|
$35,500 to $37,399.99
|
5%
|
D.
For the period commencing July 1, 2009:
|
Annual Income
|
Percentage of Assessed Valuation Exempt
From Taxation
|
|---|---|
|
From $0 to $29,000.00
|
50%
|
|
$29,000.01 to $29,999.99
|
45%
|
|
$30,000 to $30,999.99
|
40%
|
|
$31,000 to $31,999.99
|
35%
|
|
$32,000 to $32,899.99
|
30%
|
|
$32,900 to $33,799.99
|
25%
|
|
$33,800 to $34,699.99
|
20%
|
|
$34,700 to $35,599.99
|
15%
|
|
$35,600 to $36,499.99
|
10%
|
|
$36,500 to $37,399.99
|
5%
|
[Amended 12-15-1992 by L.L. No. 2-1992]
Exemptions shall be granted only to those property
owners who qualify for such exemptions in accordance with § 467
of the Real Property Tax Law.[1]
[1]
Editor's Note: Original Sections 4 through
7, which immediately followed this section and which duplicated the
language found in § 467 of the Real Property Tax Law, were
deleted 12-15-1992 by L.L. No. 2-1992.
[Added 12-15-1992 by L.L. No. 2-1992]
In the event that the owner or all of the owners
of property which has received an exemption pursuant to § 467
of the Real Property Tax Law on the preceding assessment roll fail(s)
to file the application required to continue the exemption on or before
the taxable status date, such owner or owners may file the application,
executed as if such application had been filed on or before the taxable
status date, with the Assessor on or before the date for the hearing
of complaints.
A.
Any conviction of having made any willful false statement
on the application for such exemption shall be punishable by a fine
of not more than $100 and shall disqualify the applicant or applicants
from further exemption for a period of five years.
B.
Notwithstanding any inconsistent provisions hereof,
the collection of any amount of tax erroneously exempted due to an
incorrect statement in an application for exemption shall be enforceable
in the same manner provided for the collection of delinquent taxes
pursuant to the provisions of Article 10 of the Real Property Tax
Law.
