[Adopted 12-12-1966 by L.L. No. 5-1966]
The purpose of this article is to grant a partial exemption from taxation to the extent of 50% of the assessed valuation of real property which is owned by certain persons with limited income who are 65 years of age or over meeting the requirements set forth in § 467 of the Real Property Tax Law.
[Amended 5-14-1990 by L.L. No. 3-1990, approved at referendum 7-16-1990; 2-11-1991 by L.L. No. 1-1991; 11-9-1992 by L.L. No. 7-1992; 11-3-1994 by L.L. No. 7-1994; 2-10-1997 by L.L. No. 3-1997; 2-8-1999 by L.L. No. 1-1999; 12-4-2000 by L.L. No. 9-2000; 3-14-2005 by L.L. No. 1-2005; 2-10-2020 by L.L. No. 2-2020]
A. 
Real property 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 by siblings, one of whom is 65 years of age or over, shall be exempt from County taxes to the extent of 50% of the assessed valuation to the extent provided in the schedule set forth in Subsection B hereof. For the purpose of this article, "sibling" shall mean a brother or a sister, whether related through half blood, whole blood or adoption.
B. 
As defined in § 467, Subdivision 3(a), of Real Property Tax Law of the State of New York, the income of the owner or the combined income of the owners of the property for the income tax return for the year before the income tax year immediately preceding the date of application for the exemption, unless the taxable status date is on or before April 14 in which case the income tax year shall mean the twelve-month period for which the owner or owners filed a federal personal tax return for the year before the income tax year immediately preceding the date of application, shall not exceed the amounts set forth in the following schedule:
[Amended 5-8-2023 by L.L. No. 3-2023[1]]
Annual Income
Percentage of Assessed Valuation Exempt from Taxation
$35,000 or less
50%
$35,000 to $35,999
45%
$36,000 to $36,999
40%
$37,000 to $37,999
35%
$38,000 to $38,899
30%
$38,900 to $39,799
25%
$39,800 to $40,699
20%
$40,700 to $41,599
15%
$41,600 to $42,499
10%
$42,500 to $43,399
5%
$43,400 or more
0%
[1]
Editor's Note: This local law further provided that, effective March 1, 2025, the income limits shall be increased as follows: $41,600 or less: 50%; $41,600 to $42,599: 45%; $42,600 to $43,599: 40%; $43,600 to $44,599: 35%; $44,600 to $45,499: 30%; $45,500 to $46,399: 25%; $46,400 to $47,299: 20%; $47,300 to $48,199: 15%; $48,200 to $49,099: 10%; $49,100 to $49,999: 5%; $50,000 or more: 0%.
C. 
All other restrictions, definitions and requirements of § 467 of the Real Property Tax Law, as amended, shall apply to this article as if fully set forth herein.