[Adopted 8-21-2006 by L.L. No. 1-2006; amended in its entirety at time
of adoption of Code (see Ch. 1, General Provisions, Art. I)]
This article shall be known and cited as "A Local Law of the
Town of Sardinia Providing a Partial Exemption from Taxation to Persons
65 Years of Age or Older Pursuant to the Provisions of Section 467
of the Real Property Tax Law of the State of New York."
Real property owned by one or more persons, each of whom is
65 years of age or older, or by a husband and wife or by siblings,
one of whom is 65 years of age or older, whose income is limited,
and used as the legal residence of such person or persons shall be
entitled to a partial exemption from taxation to the extent of a maximum
of 50% of assessed valuation in accordance with the following schedule:
|
Annual Income
|
Percentage of Assessed Valuation Exempt from Taxation
|
|---|---|
|
Up to $27,000
|
50%
|
|
$27,000.01 or more, but less than $27,999.99
|
45%
|
|
$28,000 or more, but less than $28,999.99
|
40%
|
|
$29,000 or more, but less than $29,999.99
|
35%
|
|
$30,000 or more, but less than $30,899.99
|
30%
|
|
$30,900 or more, but less than $31,799.99
|
25%
|
|
$31,800 or more, but less than $32,699.99
|
20%
|
|
$32,700 or more, but less than $33,599.99
|
15%
|
|
$33,600 or more, but less than $34,999.99
|
10%
|
|
$35,000 or more, but less than $35,399.99
|
5%
|
Income for any person making application for a senior citizens
exemption under this article shall not include disability compensation
from the United States Department of Veterans Affairs as defined in
Title 38 of the United States Code.
Application for exemptions provided in accordance with this
article shall be made in the manner prescribed by § 467
of the Real Property Tax Law of the State of New York.
Future amendment to the income level and exemption level provisions
of this article may be adopted by resolution of the Town Board of
the Town of Sardinia, as permitted by § 467, Subdivision
1(b)(2) and (3), of the New York State Real Property Tax Law after
a public hearing has been held. The Town Clerk will publish a notice
of a public hearing in the official newspaper of the Town, such publication
to be not less than five days before the date of the public hearing.
The Town Clerk will also post one copy of the notice of public hearing
no later than the day such notice is published.
