[Amended at time of adoption of Code (see Ch. 1, General
Provisions, Art. I)]
Pursuant to Real Property Tax Law § 467, the maximum
income eligibility level for real property owned by one or more persons
aged 65 years and over shall be $29,000.
[Amended at time of adoption of Code (see Ch. 1, General
Provisions, Art. I)]
The Sliding Scale Limits for the RPTL § 467 tax exemption
program are as follows:
Annual Income
|
% Assessed Value Exempt
|
---|
Less than $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%
|
Over $37,400
|
0
|
An application for an exemption may be filed with the Assessor
after taxable status date but not later than the last date on which
a petition with respect to complaints of assessment may be filed,
where failure to file a timely application resulted from:
A. A death of the applicant's spouse, child, parent, brother, or sister;
or
B. An illness of the applicant or the applicant's spouse, child, parent,
brother, or sister which actually prevents the applicant from filing
on a timely basis as certified by a licensed physician.
Pursuant to Real Property Tax Law § 467.9(a), where
a person who meets the requirements for an exemption purchased property
after the levy of taxes, such person may file an application for an
exemption with the Assessor within 30 days of the transfer of title
to such person.
A person who qualifies for a tax exemption under Real Property
Tax Law § 467 shall not be denied such exemption if he or
she becomes 65 years of age after taxable status date, but before
December 31 of the same year.
The Assessor is authorized to accept applications for renewal
of exemptions after taxable status date from owners of property that
received an exemption on the preceding assessment roll if an application
for renewal of the exemption is filed before the date for the hearing
of complaints on real property assessments.