[Adopted 12-21-1987 by L.L. No. 14-1987]
This article reaffirms and restates the granting of partial
real property tax exemptions, to the extent of 50% of the real property
assessment, heretofore granted by the Town Board of the Town of Lenox
by local law in the year 1965, as amended in the years 1971, 1974,
1975, 1981, 1983, and by any and all other actions, to persons 65
years of age or older and owning real property in the Town of Lenox,
as authorized by and pursuant to § 467 of the Real Property
Tax Law.
[Added 1-25-1993 by L.L. No. 1-1993; amended 2-15-1995 by L.L. No.
1-1995; 11-25-2008 by L.L. No. 3-2008]
Persons 65 years of age or older, owning real property in the
Town of Lenox and otherwise qualifying pursuant to the provisions
of § 467 of the Real Property Tax Law, shall be eligible,
upon applying with the Assessor for a partial real property tax exemption
as authorized in § 467. If the income or combined income
of said owner or owners for the income tax year immediately preceding
the date of application for such exemption falls within the income
guidelines as set forth in the following Schedule of Income and Percentage
of Tax Exemption, then said owner or owners shall be entitled to the
partial real property tax exemption as set forth in said schedule.
|
Schedule of Income and Percentage of Tax Exemption
| ||
|---|---|---|
|
Annual Income
| ||
|
More Than
|
Less Than
|
Assessed Value Exempt from Taxation
|
|
$0
|
$12,000
|
50%
|
|
$12,000.01
|
$12,999.99
|
45%
|
|
$13,000.00
|
$13,999.99
|
40%
|
|
$14,000.00
|
$14,999.99
|
35%
|
|
$15,000.00
|
$15,899.99
|
30%
|
|
$15,900.00
|
$16,799.99
|
25%
|
|
$16,800.00
|
$17,699.99
|
20%
|
|
$17,700.00
|
$18,599.99
|
15%
|
|
$18,600.00
|
$19,499.99
|
10%
|
