[Amended 10-19-2005 by L.L. No. 3-2005; 3-6-2013 by L.L. No. 1-2013; 2-26-2025 by L.L. No. 2-2025]
Any person who shall turn 65 years of age during the calendar year in which the tax roll is filed shall be eligible to apply for this exemption, even though his or her birthday may occur after the taxable status date. The Village of Lowville is hereby authorized to grant an exemption to such person, provided proper application is made prior to the taxable status date. Such exemption shall be granted on the following basis:
Exemption Income Limits | ||
|---|---|---|
Percentage of Assessed Valuation Exempt from Taxation | Minimum Income | Maximum Income |
50% | $0.00 | $25,000.00 |
45% | $25,000.01 | $25,999.99 |
40% | $26,000.00 | $26,999.99 |
35% | $27,000.00 | $27,999.99 |
30% | $28,000.00 | $28,899.99 |
25% | $28,900.00 | $29,799.99 |
20% | $29,800.00 | $30,699.99 |