Town of Binghamton, NY
Broome County
By using eCode360 you agree to be legally bound by the Terms of Use. If you do not agree to the Terms of Use, please do not use eCode360.
Table of Contents
Table of Contents
[HISTORY: Adopted by the Town Board of the Town of Binghamton as indicated in article histories. Amendments noted where applicable.]
GENERAL REFERENCES
Commission for Senior Citizens — See Ch. 61.
Tax on transient retail businesses — See Ch. 208.
[Adopted 9-7-1976 by L.L. No. 8-1976 as Ch. 28, Art. I, of the 1969 Code]
[Amended 4-15-2003 by L.L. No. 1-2003]
Pursuant to § 467 of the Real Property Tax Law, the Town Board of the Town of Binghamton hereby grants a tax exemption of 50% of assessed valuation on real property located in the Town of Binghamton and owned by persons 65 years of age or over, provided that the applicant for such exemption meets all of the requirements of § 467 of the Real Property Tax Law and the income of such applicant does not exceed the maximum figure set forth in § 199-4.
Application for such exemption shall be made at the Town Offices.
[Added 12-17-1985 by L.L. No. 5-1985; 4-15-2003 by L.L. No. 1-2003]
Pursuant to Subdivision 8 of § 467 of the Real Property Tax Law, in the event that the owner or all of the owners of property in the Town of Binghamton, who have received an exemption pursuant to § 467 of the Real Property Tax Law on the preceding assessment roll fail to file the application required pursuant to said § 467 on or before the taxable status date, such owner or owners 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 1-9-1988 by resolution; amended 2-7-1989 by L.L. No. 3-1989; 4-3-1990 by L.L. No. 1-1990; 2-5-1991 by resolution; 2-21-1991 by L.L. No. 1-1991; 1-21-1992 by L.L. No. 1-1992; 12-20-1994 by L.L. No. 3-1994; 4-15-2003 by L.L. No. 1-2003]
A. 
Pursuant to § 467 of the Real Property Law of the State of New York and this article, the following Schedule of Partial Exemptions for Senior Citizens from Real Property Taxation shall be adopted:
Annual Income
Percentage Assessed Valuation Exempt From Taxation
Up to $14,999
50%
$15,000 but less than $16,000
45%
$16,000 but less than $17,000
40%
$17,000 but less than $18,000
35%
$18,000 but less than $18,900
30%
$18,900 but less than $19,800
25%
$19,800 but less than $20,700
20%
$20,700 but less than $21,600
15%
$21,600 but less than $22,500
10%
B. 
This schedule shall take effect for the Town's 1995 fiscal year and shall continue in effect for succeeding fiscal years until further action is taken by the Town Board. Persons shall be eligible for this exemption provided that their 65th birthday falls within the fiscal year in which they claim the exemption.
[Adopted 7-12-2016 by L.L. No. 2-2016]
Pursuant to Real Property Tax Law § 458-b for certain Cold War veterans who otherwise meet the criteria for such exemption: Such an exemption would be applicable to general municipal taxes, but not to school taxes, special ad valorem levies or special assessments. In particular, the proposed exemption would read as follows: Section 458-b, Subdivision 2(a)(i) and (b), of the Real Property Tax Law is hereby adopted and enacted for Town of Binghamton taxes as levied in the Town of Binghamton wherein the maximum exemption allowable shall be $4,000 for the provisions of § 458-b(2)(a)(i) and $20,000 for the provisions of § 458-b2(b), all in accordance with the provisions of § 458-b2(c)(iii) of the Real Property Tax Law.
[Amended 1-16-2018 by L.L. No. 1-2018]
Pursuant to the Real Property Tax Law, all owners of property in the Town of Binghamton who qualify for the above exemption must file an application with the Assessor on or before the statutory date. The expiration date herein in the Cold War veterans exemption is hereby excluded so that there is no end or expiration date for qualified persons to apply for said exemption.