[Adopted 10-3-1966]
[Amended 6-10-2003 by L.L. No. 2-2003]
This article shall be known as the "Senior Citizen
Tax Exemption Provision of the Town of Wales."
[Amended 6-10-2003 by L.L. No. 2-2003]
The Town of Wales, pursuant to § 467
of the Real Property Tax Law, as now adopted or hereafter amended,
is authorized to provide tax exemption for senior citizens in accordance
with the income eligibility levels established by § 467.
Such partial tax exemption shall be given only
to the owners of real property referred to in § 467 of the
Real Property Tax Law and upon the terms and conditions and in the
manner set forth in said § 467, as now enacted or hereafter
amended.
[Added 3-13-1978; amended 3-4-1980; 6-1-1981; 9-1-1982; 4-12-1990; 3-14-1991; 3-10-1992; 5-11-1993 by L.L. No. 1-1993; 6-10-2003 by L.L. No. 2-2003; 12-11-2018 by L.L. No.
3-2018]
A.
The maximum
income eligibility level exemption for persons 65 years of age or
older as authorized by § 467 of the Real Property Tax Law
shall be determined from time to time by resolution of the Town Board
in accordance with the provisions of § 467 of the Real Property
Tax Law.
B.
Maximum
annual income exclusion. The Veterans Disability Compensation from
the United States Department of Veterans Affairs as defined in Title
38 of the United States Code for a veteran with service-connected
disabilities shall be excluded from the calculation of income in the
determination of the real property exemptions provided herein.
C.
Qualifications:
The maximum income eligibility level exemption for persons 65 years
of age or older has authorized by § 467 of the Real Property
Tax Law as of the appropriate taxable status date and shall include
an otherwise eligible owner who is 65 years of age or older on the
date the application is filed. The burden of proof is upon the applicants
to show eligibility as required by the assessor.
[1]
Editor's Note: Current exemption levels are on file in the
Town Assessor's office.
