[Adopted 3-29-1971 by L.L. No. 3-1971;
amended in its entirety at time of adoption of Code 10-3-1994 by L.L. No.
2-1994 (see Ch. 1, General Provisions, Art. I).]
Real property owned by one or more persons,
one of whom is 65 years of age or over, shall be exempt from the payment
of town taxes to the extent of 50% of the assessed valuation thereof,
subject to the provisions of § 467 of the Real Property
Tax Law and as the same may be amended from time to time.
A partial tax exemption to this chapter is established,
the effect of which is to give the owner or owners an exemption. The
combined income of the owners must not exceed the limit set from time
to time by resolution of the Town Board, subject to the provisions
of § 467 of the Real Property Tax Law.
A.
Application for such exemption must be made by the
owner or owners of the property pursuant and subject to said § 467
of the Real Property Tax Law and as the same may be amended from time
to time.
B.
In accordance with the Real Property Tax Law § 467,
Subdivision 5-a, an application for such exemption may be filed with
the Assessor after the taxable status date, but no later than the
last date on which a petition with respect to complaints of assessment
may be filed, where failure to file a timely application resulted
from a death of the applicants spouse, child, parent, brother or sister
or from an illness of the applicant or of the applicant's spouse,
child, parent, brother or sister, which actually prevents the applicant
from filing on a timely basis, as certified by a licensed physician.
The Assessor shall approve or deny such application as if it had been
filed on or before the taxable status date.[1]
