Village of Sag Harbor, NY Senior Citizens Exemption

Real property 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 Village of Sag Harbor to the extent of 50%, based upon an annual income of no more than $50,000 and thereafter at the percentage of assessed valuation thereof as determined by the following schedule pursuant to the provisions of § 467 of the Real Property Tax Law, as amended.

[Amended 10-11-2022 by L.L. No. 17-2022]

	Annual Income	Percentage of Assessed Valuation Exempt from Taxation
	Up to $50,000	50%
	$50,001 up to $51,000	45%
	$51,001 up to $52,000	40%
	52,001 up to $53,000	35%
	$53,001 up to $53,900	30%
	$53,901 up to $54,800	25%
	$54,801 up to $55,700	20%
	$55,701 up to $56,600	15%
	$56,601 up to $57,500	10%
	$57,501 up to $58,400	5%

An application for such exemption may be filed with the Assessor after the appropriate taxable status date, but not 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 the death of the applicant's spouse, child, parent, brother or sister or 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.