Any real property located in the Village of
Pleasantville shall be exempt from taxation by the Village to the
extent of 50% of the assessed valuation thereof, pursuant to § 467
of the Real Property Tax law, provided that:
A. All of the owners of said real property are 65 years
of age or over or, where the owners are husband and wife, either the
husband or wife must be 65 years of age or over.
B. The income of the owner or the combined incomes of all the owners of the property does not exceed the sum in Subsection
C below for the 12 consecutive months immediately preceding the date of the application for exemption. Where title to the property is vested in either the husband or wife, their combined income may not exceed such sum. Such income shall include social security and retirement benefits, interest dividends, rental income, salary or earnings and income from self-employment, but shall not include gifts or inheritances. In connection with any application for exemption the applicant shall furnish the Board of Assessors such evidence of the income or combined income as the Board of Assessors may require.
[Amended 10-23-2000 by L.L. No. 10-2000; 12-22-2003 by L.L. No. 13-2003]
C. Income schedule.
[Amended 10-23-2000 by L.L. No. 10-2000; 5-12-2003 by L.L. No. 3-2003; 12-22-2003 by L.L. No. 13-2003; 1-8-2007 by L.L. No. 1-2007; 11-28-2022 by L.L. No. 9-2022]
(1) For the period commencing July 1, 2022:
Maximum Income Exemption Eligibility
|
Percentage of Assessed
Valuation Exempt From Taxation
|
---|
0 to $50,000.00
|
50%
|
$50,000.01 to $50,999.99
|
45%
|
$51,000.00 to $51,999.99
|
40%
|
$52,000.00 to $52,999.99
|
35%
|
$53,000.00 to $53,899.99
|
30%
|
$53,900.00 to $54,799.99
|
25%
|
$54,800.00 to $55,699.99
|
20%
|
$55,700.00 to $56,599.99
|
15%
|
$56,600.00 to $57,499.99
|
10%
|
$57,500.00 to $58,399.99
|
5%
|
D. The title to the property shall have been vested in
the owner or all of the owners of the property for at least 12 consecutive
months prior to the date of making application for exemption.
E. The property is used exclusively for residential purposes.
F. The real property is the legal residence of and is
occupied in whole or in part by the owner or by all of the owners
of said property.
Application for such exemption must be made
by the owner or all of the owners of the property on forms to be furnished
by the Board of Assessors of the Village. Said application shall furnish
all the information and shall be executed in the manner required or
described in such forms and shall be filed with the Board of Assessors
no later than December 31 of each year.
This article shall apply only to real estate
taxes for the fiscal year commencing June 1, 1999, and thereafter.