[Amended 4-7-2022 by L.L.
No. 2-2022; 10-6-2022 by L.L. No. 6-2022; 2-2-2023 by L.L. No. 2-2023]
All in accordance with New York Real Property Tax Law, 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, or real property owned by
one or more persons, some of whom qualify under § 467(10)(a)
of the Real Property Tax Law and others of whom qualify under § 459-C
of the Real Property Tax Law, shall be exempt from taxation by any
municipal corporation in which located, based upon the following graduated
scale, with the maximum of 50% of the assessed valuation for persons
whose combined incomes total less than or equal to $41,601, up to
a minimum of 5% of the assessed valuation for persons whose combined
incomes total less than or equal to $50,000.99. For the purposes of
this section, "siblings" shall mean a brother or a sister, whether
related through half-blood, whole blood, or adoption.
Annual Income Range
|
Exemption Percentage
|
---|
$41,601 or less
|
50%
|
$41,601.01 to $42,600.99
|
45%
|
$42,601 to $43,600.99
|
40%
|
$43,601 to $44,600.99
|
35%
|
$44,601 to $45,500.99
|
30%
|
$45,501 to $46,400.99
|
25%
|
$46,401 to $47,300.99
|
20%
|
$47,301 to $48,200.99
|
15%
|
$48,201 to $49,100.99
|
10%
|
$49,101 to $50,000.99
|
5%
|
$50,001 or more
|
Not eligible
|
Medical and prescription drug expenses actually paid, which were not reimbursed or paid for by insurance, shall not be permitted to be deducted from income received by senior citizens for the purpose of Chapter
154 of the Walworth Town Code, as previously allowed by a resolution adopted February 18, 1999.
[Added 2-16-2017 by L.L.
No. 1-2017]
Pursuant to § 467[8] of the Real Property Tax Law
of New York, and notwithstanding any provision of law to the contrary,
where a renewal application for the exemption authorized by such section
has not been filed on or before the taxable status date, the owner
may, on or before the date for the hearing of complaints, file such
application as if it had been filed on or before the taxable status
date.