[Adopted as amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I)]
A partial exemption from taxation to the extent of 50% of the assessed valuation of real property which is owned by certain persons with limited income who are 65 years of age or older meeting the requirements set forth in § 467 of the Real Property Tax Law is hereby granted.
The maximum income level for the fifty-percent exemption is established at $24,000.
[Added 2-7-2017 by L.L. No. 2-2017]
A. 
Application for such exemption must be made by the owner or all owners of the property on forms prescribed by the State Board, to be furnished by the appropriate assessing authority, and shall furnish the information and be executed in the manner required or prescribed in such forms and shall be filed in such assessor's office on or before the appropriate taxable status date.
B. 
Extension of deadline.
(1) 
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.
(2) 
The assessor may extend the filing deadline and grant the exemption if he or she is satisfied that:
(a) 
Good cause existed for the failure to file the renewal application by the taxable status date; and
(b) 
The applicant is otherwise entitled to the exemption.
(3) 
The assessor shall mail notice of his or her determination to the owner.
(4) 
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.
(5) 
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 New York State Real Property Tax Law, and shall be corrected accordingly.