[Adopted 9-13-1982 by L.L. No. 3-1982]
There shall be exempt from real property tax
in the Town of Wilton 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. Such exemption shall
be to the extent of 50% of the assessed valuation thereof.
Such exemption shall be computed after all other
partial exemptions allowed by law have been subtracted from the total
amount assessed.
The real property exemption granted to husband
and wife pursuant to this article, one of whom is 65 years of age
or over, once granted, shall not be rescinded solely because of the
death of the older spouse, so long as the surviving spouse is at least
62 years of age.
[Amended 10-10-1983 by L.L. No. 3-1983; 12-4-1986 by L.L. No. 5-1986; 4-5-1990 by L.L. No. 2-1990; 3-7-1991 by L.L. No.
2-1991; 10-3-1991 by L.L. No. 3-1991; 2-2-1995 by L.L. No.
1-1995; 12-5-1996 by L.L. No. 1-1996; 2-16-2005 by L.L. No.
1-2005]
A.
Pursuant to § 467(b) of the Real Property
Tax Law, real property owned by one or more persons, each of whom
is 65 years of age or over, or real property owned by a husband and
wife, one of whom is 65 years of age or over, shall be exempt from
taxation by the Town of Wilton to the extent indicated below, provided
that the income of the owner, or combined income of the owners, does
not exceed the amounts indicated below:
[Amended 3-5-2009 by L.L. No. 1-2009; 4-1-2010 by L.L. No.
2-2010]
|
Annual Income
|
Percentage of Assessed
Value Exempt from Taxation
| |
|---|---|---|
|
Under $15,000, disability
|
50%
| |
|
Up to $29,000
|
50%
| |
|
Greater than $29,000 but less than $29,999.99
|
45%
| |
|
Greater than $30,000 but less than $30,999.99
|
40%
| |
|
Greater than $31,000 but less than $31,999.99
|
35%
| |
|
Greater than $32,000 but less than $32,899.99
|
30%
| |
|
Greater than $32,900 but less than $33,799.99
|
25%
| |
|
Greater than $33,800 but less than $34,699.99
|
20%
| |
|
Greater than $34,700 but less than $35,599.99
|
15%
| |
|
Greater than $35,600 but less than $36,499.99
|
10%
| |
|
Greater than $36,500 but less than $37,399.99
|
5%
|
|
Note: The same scale to be applied to disability exemption and
allow for exemption for taxes if a child resides on the property and
attends any public school.
|
B.
The income tax year and method of determining income
shall meet the definitions and standards as set forth in Subdivision
3 of § 467 of the Real Property Tax Law.
No exemption shall be granted unless the owner
or owners shall have title vested in them for at least 24 months prior
to the date of making application for exemption, subject to all other
qualifications as contained in Subdivision 3(b) of § 467
of the Real Property Tax Law.
All provisions concerning filing of petitions
and notices shall comply with the provisions of § 467 of
the Real Property Tax Law.
[Added 2-15-1987 by L.L. No. 1-1987]
A.
The Assessors of the Town of Wilton are hereby authorized
to accept applications for renewal of exemptions relating to persons
65 years of age or over pursuant to § 467 of the Real Property
Tax Law after the taxable status date.
B.
In the event that the owner of property who has received
an exemption pursuant to said section on the preceding assessment
roll fails to file the application required pursuant to said section
on or before taxable status date, such owner may file the application,
executed as if such application had been filed on or before the taxable
status date, with the Assessor on or before the date for the hearing
of complaints.
[Added 12-4-1997]
Any person otherwise qualifying for an exemption
under § 467 of the Real Property Tax Law shall not be denied
the exemption under this section if he/she becomes 65 years of age
after the appropriate taxable status date (March 1) and on or before
December 31 of the same year.
