The Town Board of the Town of Cochecton, pursuant to Real Property
Tax Law § 467(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(1)(a).
For purposes of this section, "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 citizen shall be consistent with the definition
as contained in Real Property Tax Law § 467(1)(a).
Pursuant to § 467(b)(1)(2) and (3) of the Real Property
Tax Law, the Town of Cochecton 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 Cochecton.
No exemption shall be allowed except in accordance with the
provisions of Real Property Tax Law (RPTL) § 467 for real
property which qualifies by use and ownership upon an application
submitted in the manner provided by this article.
Pursuant to Real Property Tax Law § 467(5), application
for such exemption under § 467 and § 467-a shall
be made by the owner, or all of the owners, of the property on forms
prescribed by the State Board, to be furnished by the Town Assessor,
and shall be filed in the Town of Cochecton Assessor's office
on or before the taxable status date.
The Town Assessor is authorized to accept applications for renewal
of exemptions pursuant to Real Property Tax Law §§ 467
and 467-a after the taxable status date. In the event the owner, or
all of the owners, of property which has received an exemption pursuant
to RPTL 467 or 467-a 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.
The Town Assessor is also authorized, upon receiving an initial
application for exemption under § 467 and § 467-a
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 Title
1A of RPTL and any other law.
This article supersedes and replaces any prior local law setting
partial exemption for qualified senior citizens and shall be effective
as of the date of filing in the office of the Secretary of State.