[Adopted 2-12-1990 by L.L. No. 1-1990 (Ch. 41, Art. II, of
the 1972 Code)]
[Amended 10-14-1992 by L.L. No. 2-1992; 9-19-1999 by L.L. No.
3-1999; 11-18-2004 by L.L. No. 2-2004; 8-21-2014 by L.L. No. 2-2014[1]]
Pursuant to § 467 of the Real Property Tax Law, as
amended, real property owned by one or more persons, each of whom
is 65 years of age or over, or real property owned by a husband and
wife or by siblings, one of whom is 65 years of age or over, shall
be exempt from Village taxes to the extent indicated as follows for
senior citizens with incomes of more than $20,500 and less than $28,899:
|
Less than $20,500
|
50%
|
|
At least $20,500 but less than $21,500
|
45%
|
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At least $21,500 but less than $22,500
|
40%
|
|
At least $22,500 but less than $23,500
|
35%
|
|
At least $23,500 but less than $24,400
|
30%
|
|
At least $24,400 but less than $25,300
|
25%
|
|
At least $25,300 but less than $26,200
|
20%
|
|
At least $26,200 but less than $27,100
|
15%
|
|
At least $27,100 but less than $28,000
|
10%
|
|
At least $28,000 but less than $28,899
|
5%
|
[Amended 10-14-1992 by L.L. No. 2-1992; 9-19-1999 by L.L. No.
3-1999; 11-18-2004 by L.L. No. 2-2004; 8-21-2014 by L.L. No. 2-2014]
The exemption shall hereby commence with the assessment roll
to be finalized on April 1, 2015.
A person must be 65 years of age on or before May 1 to apply
for an exemption and must meet any and all other requirements specified
in § 467 of the Real Property Tax Law of the State of New
York to qualify for an exemption under the sliding scale formula.
The Village Board of Trustees may by resolution establish rules,
regulations and procedures to verify an applicant's income level
and any other statutory criteria necessary to obtain an exemption.
The Village Board of Trustees may by resolution amend the income
levels necessary to qualify for sliding scale exemptions, provided
that said resolution is not in conflict with § 467 of the
Real Property Tax Law of the State of New York then in effect.
The Village Board of Trustees expressly ratifies the full and
partial exemptions granted in the years granted subsequent to the
passage of Local Law No. 3 of the Village of Malverne for the year
1983 and up to the effective date of this article.
