[Adopted 2-8-1995; amended in its entirety 11-10-2003 by L.L. No.
4-2003]
[Amended 2-1-2016 by L.L.
No. 1-2016]
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 Town
taxes to the following extent:
|
Annual Income
|
Percentage Assessed Valuation Exempt From Taxation
|
---|
|
$20,500 or less
|
50%
|
|
Over $20,500 but less than $21,500
|
45%
|
|
$21,500 but less than $22,500
|
40%
|
|
$22,500 but less than $23,500
|
35%
|
|
$23,500 but less than $24,400
|
30%
|
|
$24,400 but less than $25,300
|
25%
|
|
$25,300 but less than $26,200
|
20%
|
|
$26,200 but less than $27,100
|
15%
|
|
$27,100 but less than $28,000
|
10%
|
|
$28,000 but less than $28,900
|
5%
|
B. Income shall not include veterans disability compensation as defined
in Title 38 of the United States Code, as provided in Paragraph (a)
of Subdivision 3 of § 467 of the Real Property Tax Law of
the State of New York.
C. Where a renewal application for the exemption authorized by this
section has not been filed on or before the taxable status date, and
the owner believes that good cause existed for the failure to file
the renewal application by that date, the owner may, no later than
the last day for paying taxes without incurring interest or penalty,
submit a written request to the assessor asking him or her to extend
the filing deadline and grant the exemption. Such request shall contain
an explanation of why the deadline was missed, and shall be accompanied
by a renewal application, reflecting the facts and circumstances as
they existed on the taxable status date. The assessor may extend the
filing deadline and grant the exemption if he or she is satisfied
that (i) good cause existed for the failure to file the renewal application
by the taxable status date, and that (ii) the applicant is otherwise
entitled to the exemption. The assessor shall mail notice of his or
her determination to the owner. If the determination states that the
assessor has granted the exemption, he or she shall thereupon be authorized
and directed to correct the assessment roll accordingly, or, if another
person has custody or control of the assessment roll, to direct that
person to make the appropriate corrections. If the correction is not
made before taxes are levied, the failure to take the exemption into
account in the computation of the tax shall be deemed a "clerical
error" for purposes of Title 3 of Article 5 of the Real Property Tax
Law, and shall be corrected accordingly.
[Added 12-5-2016 by L.L.
No. 4-2016]