Village of Lancaster, NY
Erie County
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Table of Contents
Table of Contents
[Adopted 11-22-1982 by L.L. No. 5-1982 (Ch. 142, Art. I, of the 1976 Code)]
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, one of whom is 65 years of age or over, shall be exempt from taxation by this Village to the extent of the property located within the taxing authority of the Village of Lancaster in the maximum amount of 50% of the assessed valuation thereof.
The exemption herein provided shall apply only to property taxes levied and collected by the Village of Lancaster as the taxing authority.
No exemption shall be granted:
A. 
If the income of the owner or the combined income of the owners of the property exceeds $25,725 for the income tax year immediately preceding the date of making application for the exemption.
[Amended 2-26-2001 by L.L. No. 1-2001; 12-12-2005 by L.L. No. 9-2005]
(1) 
If the combined income is $25,725 or less, the following schedule will determine the percentage of discount:
[Amended 2-23-2009 by L.L. No. 2-2009]
Annual Total Income
Percentage of Discount
$0 to $20,025.00
50%
$20,025.01 to $21,025.00
45%
$21,025.01 to $22,025.00
40%
$22,025.01 to $23,025.00
35%
$23,025.01 to $23,925.00
30%
$23,925.01 to $24,825.00
25%
$24,825.01 to $25,725.00
20%
(2) 
Where title is vested in either the husband or the wife, their combined income may not exceed such sum. Such income shall include social security and retirement benefits, interest, dividends, total gain from the sale or exchange of a capital asset which may be offset by a loss from the sale or the exchange of a capital asset in the same income tax year, net rental income, salary or earnings and net income from self-employment but shall not include gifts or inheritances.
B. 
Unless the title of the property shall have been vested in the owner or all of the owners of the property for at least 24 consecutive months prior to the date of making application for exemption.
C. 
Unless the property is used exclusively for residential purposes.
D. 
Unless the real property is the legal residence of and is occupied in whole or in part by the owner or by all of the owners of the property.
Application for such exemption must be made by the owner or all of the owners of the property, on forms to be provided by the Village of Lancaster, and shall furnish the information and be executed in the manner required or prescribed in such forms, and shall be filed in the office of the Village Clerk-Treasurer at least 60 days before the day for filing the final assessment roll for the fiscal year 1983-1984, and for each fiscal year thereafter, shall be filed at least 90 days before the day for filing the final assessment roll.
Any conviction of having made any willful false statement in the application for such exemption shall be subject to the penalties prescribed in Subdivision 7 of § 467 of the Real Property Tax Law of the State of New York.