[HISTORY: Adopted by the Town Board of the Town of Little
Valley as indicated in article histories. Amendments noted where applicable.]
GENERAL REFERENCES
Zoning — See Ch. 140.
[Adopted 11-10-2008 by L.L. No. 1-2009; amended in its entirety 3-8-2021 by L.L. No. 1-2021]
It is the intent of this article to provide no exemption from
taxation as authorized in Real Property Tax Law § 487 with
respect to any solar or wind energy system or farm waste energy system
and revise this article as set forth herein.
A.
No exemption
from Town taxation under Real Property Tax Law § 487 shall
be applicable with respect to any solar or wind energy system or farm
waste energy system.
B.
No exemption
from taxation as authorized in Real Property Tax Law § 487
shall be applicable with respect to any microhydroelectric energy
system, fuel cell electric generating system, microcombined heat and
power generating equipment system, or electric energy storage equipment
or electric energy storage system.
[Adopted 9-12-2016 by L.L. No. 2-2016]
It is the intent of this legislation to continue to provide
a real property tax exemption to certain senior citizens in accordance
with § 467 of the Real Property Tax Law and to distribute
the exemption in a more equitable manner.
Effective January 1, 2017, Cattaraugus County shall grant a
real property tax exemption to certain individuals 65 years of age
or over, in accordance with § 467(1)(b) of the Real Property
Tax Law.
Effective January 1, 2017, the maximum income eligibility level
as described in § 467 of the Real Property Tax Law is herby
established as follows:
|
Income
|
Exemption
|
|---|---|
|
$18,500 or less
|
50% of assessed value
|
|
$18,501 but less than $19,500
|
45% of assessed value
|
|
$19,500 but less than $20,500
|
40% of assessed value
|
|
$20,500 but less than $21,500
|
35% of assessed value
|
|
$21,500 but less than $22,400
|
30% of assessed value
|
|
$22,400 but less than $23,300
|
25% of assessed value
|
|
$23,300 but less than $24,200
|
20% of assessed value
|
|
$24,200 but less than $25,100
|
15% of assessed value
|
|
$25,100 but less than $26,000
|
10% of assessed value
|
[Added 9-9-2019 by L.L. No. 1-2019[1]]
Any income used in the determination of applicants' eligibility
for the exemption hereby granted shall be offset by all medical and
prescription drug expenses actually paid which were not reimbursed
or paid for by insurance.
All other provisions of § 467 of the Real Property
Tax Law of the State of New York shall be in effect for the purpose
of county real property taxation in Cattaraugus County.
