The purpose of this article is to adopt for the Town of Onondaga
the provisions contained in § 467 of the Real Property Tax
Law of the State of New York, including amendments thereto which may
be enacted after the effective date of this article (hereinafter referred
to as "RPTL § 467"), with respect to the granting of a partial
exemption from taxation of real property owned by persons who are
65 years of age or over.
The meanings of words and expressions as used in this article
shall be identical to their meanings as used in RPTL § 467.
[Amended 3-5-1990; 12-16-1991; 2-5-2001; 5-2-2011 by L.L. No. 2-2011; 9-18-2023 by L.L. No. 6-2023]
Until such time as the Town Board adopts a resolution pursuant to §
263-3 of this article establishing a different amount of tax exemption, real property owned by persons 65 years of age or over shall be exempt from Town taxes according to the following schedule:
Exemption
|
Income Limits
|
---|
50%
|
$50,000
|
45%
|
$50,999.99
|
40%
|
$51,999.99
|
35%
|
$52,999.99
|
30%
|
$53,899.99
|
25%
|
$54,799.99
|
20%
|
$55,699.99
|
15%
|
$56,599.99
|
10%
|
$57,499.99
|
5%
|
$58,399.99
|
Town of Onondaga L.L. No. 2-1966, enacted by the Town Board
on September 21, 1966, together with all amendments thereto, is hereby repealed.
This article shall take effect on January 1, 1987.