Town of Wilton, NY
Saratoga County
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Table of Contents
Table of Contents
[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to husband and wife pursuant to this article, one of whom is 65 years of age or over, once granted, shall not be rescinded solely because of the death of the older spouse, so long as the surviving spouse is at least 62 years of age.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.
C. 
Notwithstanding the provisions of Subsection A above, such income shall not include veterans disability compensation, as defined in Title 38 of the United States Code, as authorized by Subdivision 3(a) of § 467 of the Real Property Tax Law.
[Added 12-4-2014 by L.L. No. 3-2014]
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.