Real property owned by one or more persons,
each of whom is 65 years of age, will become 65 years of age within
the calendar year or is over the age of 65, or real property owned
by husband and wife, one of whom is 65 years of age, will become 65
years of age within the calendar year or is over the age of 65, shall
be exempt from taxation by the Village to the extent of 50% of the
assessed valuation thereof.
[Amended 1-11-2001 by L.L. No. 2-2001]
No exemption shall be granted:
A. If the income of the owner or the combined income of the owners of the property exceeds the sum set forth in §
210-5 for the applicable income tax year. No exemption shall be granted for income tax years after 2010 greater than those allowed for income tax year 2010 unless otherwise determined by the Village Board of Trustees. "Income tax year" shall mean a twelve-month period for which the owner or owners filed a federal personal income tax return, or, if no such return is filed, the calendar year. Where title is vested in either the husband or wife, their combined income may not exceed such sum.
[Amended 1-9-2003 by L.L. No. 2-2003; 1-8-2004 by L.L. No.
1-2004; 3-8-2007 by L.L. No. 1-2007; 3-26-2009 by L.L. No.
4-2009; 11-9-2010 by L.L. No. 7-2010]
(1) As
prescribed by New York State Real Property Tax Law § 467,
all out-of-pocket medical and prescription drug expenses actually
paid which were not paid for by another party or reimbursed by insurance
shall be excluded from the definition of "income" for the purpose
of determining eligibility for the senior citizen partial real property
tax exemption. Proof of the expenses and reimbursement must be submitted
with the application by the applicable deadline.
(2) As
prescribed by New York State Real Property Tax Law § 467,
veteran's disability compensation, as defined under Title 38 of the
United States Code, shall be excluded from the definition of "income"
for the purpose of determining eligibility for the senior citizen
real property tax exemption. Proof of the expenses and reimbursement
must be submitted with the application by the applicable deadline.
B. Unless the real property is the legal residence of
and is occupied in whole or in part by the owners of the property
and unless the ownership is otherwise qualified pursuant to Real Property
Tax Law § 467.
[Amended 6-9-2005 by L.L. No. 4-2005]
Application for such exemption must be made
by the owner or all of the owners of the property on forms prescribed
by the State Board of Real Property Services, to be furnished by the
Town Assessor's office, and shall furnish the information and be executed
in the manner required or prescribed in such forms and shall be filed
in the Town Assessor's office on or before January 1, which is the
taxable status date of the Village of North Syracuse.
[Amended 1-11-2001 by L.L. No. 2-2001; 1-9-2003 by L.L. No. 2-2003; 1-8-2004 by L.L. No. 1-2004; 3-8-2007 by L.L. No.
1-2007; 3-26-2009 by L.L. No. 4-2009]
Graduated maximum income exemption eligibility
levels shall be as follows:
Exemption
|
Maximum Income, Income Tax Year 2007
|
Maximum Income, Income Tax Year 2008
|
Maximum Income, Income Tax Year 2009
|
Maximum Income, Income Tax Year 2010
|
---|
50%
|
$26,000
|
$27,000
|
$28,000
|
$29,000
|
45%
|
$27,000
|
$28,000
|
$29,000
|
$30,000
|
40%
|
$28,000
|
$29,000
|
$30,000
|
$31,000
|
35%
|
$29,000
|
$30,000
|
$31,000
|
$32,000
|
30%
|
$29,900
|
$30,900
|
$31,900
|
$32,900
|
25%
|
$30,800
|
$31,800
|
$32,800
|
$33,800
|
20%
|
$31,700
|
$32,700
|
$33,700
|
$34,700
|
15%
|
$32,600
|
$33,600
|
$34,600
|
$35,600
|
10%
|
$33,500
|
$34,500
|
$35,500
|
$36,500
|
5%
|
$34,400
|
$35,400
|
$36,400
|
$37,400
|
Any conviction of having made any willfully
false statement in 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.