[Adopted 10-18-1982 by L.L. No. 3-1982]
[Amended 12-8-1986 by L.L. No. 4-1986; 2-12-1990 by L.L. No.
1-1990; 12-10-1990 by L.L. No. 3-1990; 1-13-1992 by L.L. No.
1-1992; 12-14-1992 by L.L. No. 7-1992; 12-12-1994 by L.L. No.
5-1994; 11-18-1996 by L.L. No. 5-1996; 12-10-2007 by L.L. No.
5-2007]
Pursuant to the provisions of § 467
of the Real Property Tax Law of the State of New York, and as therein
provided, the real property owned by one or more persons, each of
whom is 65 years of age or over, shall be exempt from taxation by
the Village as hereinafter provided. Such exemptions shall be computed
after all other partial exemptions allowed by law have been subtracted
from the total amounts assessed.
|
Maximum Annual Income
| ||
|---|---|---|
|
From
|
To
|
Percentage of Assessed
Valuation Exempt from Taxation
|
|
$0
|
27,000
|
50%
|
|
27,001
|
28,000
|
45%
|
|
28,001
|
29,000
|
40%
|
|
29,001
|
30,000
|
35%
|
|
30,001
|
30,900
|
30%
|
|
30,901
|
31,800
|
25%
|
|
31,801
|
32,700
|
20%
|
|
32,701
|
33,600
|
15%
|
|
33,601
|
34,500
|
10%
|
[Amended 3-4-1985 by L.L. No. 1-1985; 12-8-1986 by L.L. No.
4-1986; 12-14-1992 by L.L. No. 7-1992; 12-12-1994 by L.L. No.
5-1994; 11-18-1996 by L.L. No. 5-1996]
No exemptions shall be granted:
A.
Income of owner(s). If the income of the owner or
the combined income of the owners of the property exceeds the sum
of $34,500 for the income tax year immediately preceding the date
of making application for exemption. Where title is vested in the
husband or wife, their combined income may not exceed such sum. Such
income shall include social security and retirement benefits, interest,
dividends, total gain from the sale or exchange of a capital asset
(which may be offset by a loss from the sale or exchange of a capital
asset in the same income tax year), net rental income, salary or earnings
and net income from self-employment but shall not include a return
of capital, gifts or inheritances.
[Amended 3-14-2011 by L.L. No. 1-2011]
B.
Unless the title of the property shall have been vested
in the owner or in one of the owners of the property for at least
24 consecutive months prior to the date of making application for
an exemption, subject to the provisions of § 467, Subdivision
3(b), of the Real Property Tax Law.
C.
Unless the property is used exclusively for residential
purposes.
D.
Unless 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 the property.
[Amended 12-14-1992 by L.L. No. 7-1992]
A.
Application for such exemption must be made annually
by the owner or by all of the owners of the property on forms to be
furnished by the Village Assessors, and the applicant or applicants
shall furnish the information and execute the forms in the manner
required in or prescribed by such forms, and it shall be filed annually
in such Assessors' office on or before the tax status date fixed by
the Village.
B.
An application for a senior citizen exemption may
be filed after the taxable status date but prior to the last date
for filing of grievances where failure to file a timely application
resulted from hardship conditions, i.e., death or illness in the family,
which actually prevent timely application.
Any conviction of having made any willful false
statements 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 exemptions for a period of five years.
