[Adopted 11-11-1986 by L.L. No. 3-1986; amended in its entirety 2-9-1993 by L.L. No. 1-1993]
[Amended 1-10-1995]
A.
Pursuant to § 27 of the New York Municipal
Home Rule Law and subject to § 467 of the New York Real
Property Tax Law, real property located in the Village of Manlius,
New York, and owned by one or more persons, each of whom is 65 years
or over, shall be exempt from taxation by the Village of Manlius to
the extent provided in the following schedule; provided, however,
that no exemption shall be granted if the income of the owner or the
combined income of the owners of the property for the income tax year
immediately preceding the date of making application for exemption
exceeds the sum of $34,399. The current maximum level of $29,000 is
shown in the schedule as "M":
[Amended 1-28-1997; 3-9-1999; 1-14-2003; 7-24-2007; 2-24-2009]
|
Annual Income
|
Percentage of Assessed Valuation Exempt
From Taxation
| |
|---|---|---|
|
M or less
|
50
| |
|
More than M but less than (M + $1,000)
|
45
| |
|
(M + $1,000) or more but less than (M + $2,000)
|
40
| |
|
(M + $2,000) or more but less than (M + $3,000)
|
35
| |
|
(M + $3,000) or more but less than (M + $3,900)
|
30
| |
|
(M + $3,900) or more but less than (M + $4,800)
|
25
| |
|
(M + $4,800) or more but less than (M + $5,700)
|
20
| |
|
(M + $5,700) or more but less than (M + $6,600)
|
15
| |
|
(M + $6,600) or more but less than (M + $7,500)
|
10
| |
|
(M + $7,500) or more but less than (M + $8,400)
|
5
|
B.
Subject to § 467 of the New York Real Property
Tax Law, the foregoing income eligibility limits, the figures listed
in the foregoing schedule and the current maximum level depicted in
the foregoing schedule as "M" may all be amended from time to time
without the necessity of a public hearing by resolution of the Board
of Trustees of the Village.
C.
Any person otherwise qualifying under § 467
of the Real Property Tax Law shall not be denied the exemption under
this section if he becomes 65 years of age after the appropriate taxable
status date and on or before December 31 of the same year.
[Added 6-10-1997]
This article shall apply to Village of Manlius
assessment rolls prepared on the basis of taxable status dates occurring
on or after March 1, 1993.
