[Adopted 4-19-1987]
Pursuant to § 467 of the New York Real Property Tax Law, as amended, real property owned by one or more persons, each of whom is 65 years of age or over, shall be exempt by the Village of Warwick, New York, to the extent of 50% of the assessed valuation thereof, subject to the following conditions:
A. 
Exemption from taxation for school purposes shall not be granted in the case of real property where a child resides, if such child attends a public school within the school district.
B. 
Restrictions.
[Amended 9-10-1973; 11-28-1979; 12-22-1980; 12-13-1982; 7-11-1988 by L.L. No. 6-1988]
(1) 
Partial exemption.
(a) 
Exemption granted; amount; eligibility.
[Amended 9-18-2000 by L.L. No. 12-2000]
[1] 
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 granted an exemption for a portion of their assessment, to the extent set forth below in Subsection B(1)(a)[2].
[2] 
The financial limits and percentages of assessed valuation which shall be exempt from taxation within the village are set as follows:
Annual Income
Percentage of Assessed Valuation Exempt From Taxation
Up to $18,500
50%
$18,501 to $19,500
45%
$19,501 to $20,500
40%
$20,501 to $21,500
35%
$21,501 to $22,500
30%
$22,501 to $23,300
25%
$23,301 to $24,200
20%
$24,201 to $25,100
15%
$25,101 to $26,000
10%
$26,001 to $26,900
5%
[3] 
Notwithstanding any other provision of law, any person otherwise qualifying under Real Property Tax Law § 467 or this article shall not be denied the exemption provided for under this section it he or she becomes 65 years of age after the appropriate taxable status date and before December 31 of the same year.
(b) 
Any such exemptions provided by this section shall be computed after all other partial exemptions allowed by law have been subtracted from the total amount assessed.
(c) 
Where title is vested in either the husband or the 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.
(2) 
No exemption shall be granted:
(a) 
Unless the title of the property shall have been vested in the owner or all of the owners of the property for at least 60 consecutive months prior to the date of making application for exemption.[1]
[1]
Editor's Note: L. 1974, c. 1004, effective 1-1-1975, changed the term "all of the owners" to "one of the owners" and reduced the required duration of ownership from 60 consecutive months to 24 consecutive months.
(b) 
Unless the property is used exclusively for residential purposes.
(c) 
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.
Application for such exemption:
A. 
Must be made annually by the owner, or all of the owners of the property, on forms to be furnished by the Assessor's office.
B. 
Shall furnish the information and be executed in the manner required or prescribed in such forms.
C. 
Shall be filed in the Clerk's office at least 90 days before the day for filing the final assessment roll.
[Amended 10-16-2006 by L.L. No. 6-2006]
[Added 8-5-2002 by L.L. No. 4-2002]
Pursuant to New York State Property Tax Law, veterans shall be exempt by the Village of Warwick, New York to the extent of 100% of the assessed valuation, as follows:
Status
Exemption Allowance
War veteran
$18,000
Combat veteran
$12,000
Disabled veteran
$60,000
Any conviction of having made any willful 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.