The Common Council, pursuant to § 467 of the Real
Property Tax Law of the State of New York, establishes the real property tax exemption for qualifying
persons in the City of Kingston as follows:
Annual Income
|
Percentage Assessed Valuation Exempt from Taxation
|
---|
$0.01 to $20,000
|
50%
|
$20,000 to $20,999.99
|
45%
|
$21,000 to $21,999.99
|
40%
|
$22,000 to $22,999.99
|
35%
|
$23,000 to $23,899.99
|
30%
|
$23,900 to $24,799.99
|
25%
|
$24,800 to $25,699.99
|
20%
|
$25,700 to $26,599.99
|
15%
|
$26,600 to $27,499.99
|
10%
|
$27,500 to $28,399.99
|
5%
|
$28,400 and over
|
No exemption
|
[Added 4-4-2017 by L.L. No. 3-2017, approved 4-25-2017]
The Common Council, pursuant to § 467, Subdivision
5, of the Real Property Tax Law of the State of New York, authorizes
the City of Kingston Assessor to allow senior citizens who become
65 after the taxable status date of March 1 but on or before December
31 of the same calendar year/roll year to become eligible for the
senior real property tax exemption.