[Amended 1-21-1997 by L.L. No. 1-1997]
Real property in the Town of Tuxedo owned by
one or more persons, each of whom is 65 years of age or over, or real
property owned by husband and wife, one of whom is 65 years of age
or over, shall be exempt from taxation by the Town of Tuxedo to the
extent established from time to time by resolution of the Town Board
following a public hearing upon compliance with the provisions of
this article for the fiscal year for which an application is filed.
[Amended 1-27-1987 by L.L. No. 1-1987; 5-9-1990 by L.L. No.
1-1990; 4-24-1991 by L.L. No. 1-1991; 4-12-1995 by L.L. No.
5-1995; 1-21-1997 by L.L. No. 1-1997]
The schedule of senior citizen tax exemptions
adopted pursuant to the provisions of Real Property Tax Law and this
article shall be posted in the office of the Town Clerk and the office
of the Town Assessor.
No exemption shall be granted under the provisions
of this article:
A. If the income of the owner or the combined income of the owners of the property for the income tax year immediately preceding the date of making application for exemption exceeds the sum established in the schedule contained in §
88-1. "Income tax year" shall mean the twelve-month period for which the owner or owners filed a federal personal income tax return or, if no such return is filed, the calendar year. Where title is vested in either the husband or the wife, their combined income may not exceed such sum. Such income shall be as defined in New York State Real Property Tax Law § 467.
[Amended 1-21-1987 by L.L. No. 1-1987; 5-9-1990 by L.L. No. 1-1990; 1-21-1997 by L.L. No. 1-1997; 12-11-2023 by L.L. No.
7-2023]
B. Unless the title to the property shall have been vested
in the owner or one of the owners of the property for at least 24
consecutive months prior to the date of making application for exemption.
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once granted, shall not be rescinded by any assessing authority solely
because of the death of the older spouse so long as the surviving
spouse is at least 62 years of age.
[Added 5-13-2019 by L.L. No. 3-2019]
Qualified medical and drug expenses which were actually paid
and not reimbursed nor paid for by insurance, to be determined solely
by the Town Tax Assessor, are exempt from the income level calculation
for eligibility for the senior citizen real property tax exemption.