[Adopted 9-14-2005 by L.L. No. 8-2005]
Pursuant to the provisions of § 467 of the Real Property
Tax Law of the State of New York, real property in the Town of Saugerties
owned by one or more persons, each of whom is 65 years of age or over,
or real property owned by husband and wife or by siblings, one of
whom is 65 years of age or over, which is the legal residence of and
is occupied in whole or in part by the owner or by all the owners
of the property shall be partially exempt from taxation by the Town
based on the income of the owner or the combined incomes of the owners.
[Amended 4-6-2011 by L.L.
No. 3-2011; 8-15-2018 by L.L. No. 2-2018]
Such partial exemption shall be to the extent set forth in the
schedule following:
|
Annual Income of Owner or Combined Incomes, of Owners
|
Percentage of Assessed Value Exempt from Taxation
|
|---|---|
|
$29,000 or less
|
50%
|
|
More than $29,000 but less than $30,000
|
45%
|
|
More than $30,000 but less than $31,000
|
40%
|
|
More than $31,000 but less than $32,000
|
35%
|
|
More than $32,000 but less than $32,900
|
30%
|
|
More than $32,900 but less than $33,800
|
25%
|
|
More than $33,800 but less than $34,700
|
20%
|
|
More than $34,700 but less than $35,600
|
15%
|
|
More than $35,600 but less than $36,500
|
10%
|
|
More than $36,500 but less than $37,400
|
5%
|
A.
The partial tax exemption provided in this resolution shall be available
to persons who are or will be age 65 or over on or before December
31 following the taxable status date for the tax year for which the
exemption is claimed.
B.
The partial exemption provided by this resolution shall, however,
be limited to such property and persons as meet the conditions, exclusions
and limitations set forth in § 467 of the Real Property
Tax Law of the State of New York.
C.
The assessor
is authorized to accept applications for renewal of the partial senior
citizens exemption provided by this local law after the taxable status
date and up to and including the date for the hearing of complaints
on assessment. In the event the owner, or all of the owners of property
which has received an exemption pursuant to this section on the preceding
assessment roll fail to file the application required pursuant to
this section on or before the taxable status date, such owner or owners
may file the application, executed as if such application has been
filed on or before the taxable status date, with the assessor on or
before the date for the hearing of complaints.
[Added 1-16-2019 by L.L. No. 1-2019]
