[Adopted 5-20-2014 by L.L. No. 4-2014; amended in its entirety 12-1-2015 by L.L. No. 9-2015 (Ch. 218, Art. I, of the 2003 Code)]
The Town Board of the Town of Thompson, 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 article, 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 1(b)(1), (2), and (3),
of the Real Property Tax Law, the Town of Thompson 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 Thompson.
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 Thompson 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:
|
At Least — Less Than
|
Percent Exemption
|
|---|---|
|
$0 to $20,500
|
50%
|
|
$20,500 to $21,500
|
45%
|
|
$21,500 to $22,500
|
40%
|
|
$22,500 to $23,500
|
35%
|
|
$23,500 to $24,400
|
30%
|
|
$24,400 to $25,300
|
25%
|
|
$25,300 to $26,200
|
20%
|
|
$26,200 to $27,100
|
15%
|
|
$27,100 to $28,000
|
10%
|
|
$28,000 to $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.
[Amended at time of adoption of Code (see Ch. 1, General
Provisions, Art. I)]
Pursuant to Real Property Tax Law § 467, Subdivision
5, applications for such exemption under § 467 shall be
made by the owner, or all of the owners, of the property on forms
prescribed by the Commissioner of Taxation and Finance, to be furnished
by the Town Assessor, and shall be filed in the Town of Thompson Assessor's
office on or before the taxable status date.
[Amended at time of adoption of Code (see Ch. 1, General
Provisions, Art. I)]
The Town Assessor is authorized to accept applications for renewal
of exemptions pursuant to Real Property Tax Law § 467 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 on the preceding assessment roll fail to file
the renewal application required on or before 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.
[Amended at time of adoption of Code (see Ch. 1, General
Provisions, Art. I)]
The Town Assessor is also authorized, upon receiving an initial
application for exemption under § 467 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.
This article supersedes and replaces any prior local law setting
partial exemptions for qualified senior citizens and shall be effective
as of the date of filing in the office of the Secretary of State.
