[Adopted 12-8-2015 by L.L. No. 6-2015]
The Town Board of the Town of Highland, pursuant to New York State Real Property Tax Law § 467, Subdivision 1(b), authorizes a partial exemption from real property taxes on qualifying residential real property for senior citizens, as defined in Real Property Tax Law § 467, Subdivision (1)(a).
For purposes of this section, "qualifying senior citizens" are when property is owned by one or more persons, each of whom is 65 years of age or over, or real property owned by husband and wife, or siblings, one of whom is 65 years of age or over. This definition of "qualifying senior citizens" shall be consistent with the definition as contained in Real Property Tax Law § 467, Subdivision(1)(a).
Pursuant to § 467, Subdivision 1b(1), (2) and (3), of the Real Property Tax Law, the Town of Highland is authorized to adopt a local law establishing a partial exemption from the Town portion of real property taxes for qualified senior citizens who own qualified residential real property within the Town of Highland.
A. 
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 taxation by the Town of Highland to the extent of 50% of the assessed value thereof, or such less per centum of assessed value thereof for persons whose maximum income eligibility is increased in accordance with the provisions of Real Property Tax Law § 467, Subdivision 1(b)(1), (2), and (3).
B. 
The maximum income eligibility determined in accordance with Subdivision 3 of § 467 of the Real Property Tax Law shall be $20,500 and shall entitle qualified owners to a 50% exemption. Further exemptions for qualified owners under this section shall decrease according to income per the following schedule:
Annual Income
Percent Exemption
$0 to $20,500
50%
At least $20,500 but less than $21,500
45%
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 $28,900
5%
No exemption shall be allowed except in accordance with the provision of Real Property Tax Law § 467 for real property which qualifies by use and ownership upon an application submitted in the manner provided by this article.
Pursuant to Real Property Tax Law § 467, Subdivision 5, applications for such exemption under § 467 and § 467-a shall be made by the owner, or all of the owners, of the property on forms prescribed by the State Board, to be furnished by the Town Assessor, and shall be filed in the Town of Highland Assessor's office on or before the taxable status date.
The Town Assessor is authorized to accept applications for renewal of exemptions pursuant to Real Property Tax Law §§ 467 and 467-a after the taxable status date. In the event the owner, or all of the owners, of property which has received an exemption pursuant to Real Property Tax Law § 467 or § 467-a on the preceding assessment roll fail to file the renewal application required on or before the taxable status date, such owner or owners may file the renewal application, executed, as if such renewal application had been filed on or before the date for the hearing of complaints.
The Town Assessor is also authorized, upon receiving an initial application for exemption under §§ 467 and 467-a of the Real Property Tax Law after the taxable status date has passed but prior to the date for hearing of complaints by the Board of Assessment Review, to execute and transmit to the Board of Assessment Review a verified statement that such late initial application for exemption has been received. At the meeting of the Board of Assessment Review, said Board shall hear and determine all verified statements and upon such review shall have all of the powers and duties imposed by law to determine and/or make changes to said assessment pursuant to Article 5, Title 1-a, of the Real Property Tax Law and any other law.