[Adopted 11-1-1990 by L.L. No. 5-1990]
[Amended 1-19-1995 by L.L. No. 1-1995]
Pursuant to § 467, Subdivision 1(b),
of the Real Property Tax Law of the State of New York, real property
owned by one or more persons, each of whom is 65 years of age or over,
shall be exempt from taxation imposed by or on behalf of the Village
of Clyde for Village purposes to the extent provided in § 467
of the Real Property Tax Law in accordance with the following schedule
for exemption:
|
Annual Income
|
Percentage Assessed Valuation Exemption
from Taxation
|
|---|---|
|
$11,000 or less
|
50%
|
|
More than $11,001 but less than $12,000
|
45%
|
|
More than $12,001 but less than $13,000
|
40%
|
|
More than $13,001 but less than $14,000
|
35%
|
|
More than $14,001 but less than $14,900
|
30%
|
|
More than $14,901 but less than $15,800
|
25%
|
|
More than $15,801 but less than $16,700
|
20%
|
Any exemption provided by this article shall
be computed after all other partial exemptions allowed by law have
been subtracted from the total amount assessed.
The real property tax exemption on real property
owned by husband and wife, one of whom is 65 years of age or over,
once granted, shall not be rescinded by the Village of Clyde solely
because of the death of the older spouse so long as the surviving
spouse is at least 62 years of age.
Such exemption shall be granted only upon an
application by the owner or all owners of such real property on a
form prescribed by the State Board and shall be filed in the Assessor's
office on or before appropriate taxable status date.
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.
Pursuant to the provisions of Real Property Tax Law § 467,
Subdivision 3, no exemption from real property taxes shall be granted
pursuant to § 467, Subdivision 3(a), (b), (c) and (d), of
the Real Property Tax Law for the purpose of real property taxes levied
for the Village of Clyde.
This law shall become effective when the Village
adopts the 1991 Town of Galen tax roll in February 1992 for levying
Village taxes on June 1, 1992.
