[Adopted 4-1-1991 (Ch.
19B, Art. II, of the 1981 Code)]
[Amended 2-6-1995; 4-3-1995; 9-3-1996; 4-7-1997; 5-24-1999; 4-2-2001; 3-17-2003; 5-3-2004; 2-17-2015 by L.L. No. 1-2015]
The Town Board of the Town of Alden, pursuant to § 467
of the Real Property Tax Law, as amended, hereby grants an exemption
from the Town of Alden real property taxes so as to increase the maximum
income eligibility level to the extent of 50% of the assessed valuation
of real property owned by persons 65 years of age or over who qualify
therefor under said section, provided that said persons do not have
incomes in excess of $29,000 for the income tax year immediately preceding
the date of application for said exemption and to the extent provided
in the following schedule:
|
Annual Income
|
Percentage Assessed Valuation Exempt From Taxation
|
|---|---|
|
Up to $29,000
|
50%
|
|
$29,000 or more but less than $30,000
|
45%
|
|
$30,000 or more but less than $31,000
|
40%
|
|
$31,000 or more but less than $32,000
|
35%
|
|
$32,000 or more but less than $32,900
|
30%
|
|
$32,900 or more but less than $33,800
|
25%
|
|
$33,800 or more but less than $34,700
|
20%
|
|
$34,700 or more but less than $35,600
|
15%
|
|
$35,600 or more but less than $36,500
|
10%
|
|
$36,500 or more but less than $37,400
|
5%
|
The Town Assessor shall apply the aforesaid exemption schedule
to all taxable status dates for assessment rolls in the Town of Alden,
effective on or after the adoption of this resolution.
[Amended 5-1-2000 by L.L.
No. 2-2000]
Any amendment set forth in § 314-3 shall be by resolution of the Town Board after a public hearing.
