Village of Walden, NY
Orange 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
[Adopted 10-23-1984 by L.L. No. 11-1984[1] (Ch. 134, Art. I, of the 1982 Code); amended in its entirety at time of adoption of Code (see Ch. 1, General Provisions, Art. I)]
[1]
Editor's Note: This local law also repealed former Art. I, Real Property Tax Reduction, adopted 3-13-1973 as Art. VI of Ch. VIII of the Walden Village Code, as amended.
A partial exemption from taxation to the extent of 50% of the assessed valuation of real property which is owned by certain persons with limited income who are 65 years of age or older meeting the requirements set forth in § 467 of Real Property Tax Law is hereby granted.
The schedule of exemptions is as follows:
Annual Income
Percentage of Assessed Valuation Exempt from Taxation
$0 to $29,000
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