[Adopted 9-18-2023 by L.L. No. 11-2023]
Pursuant to the provisions of the Real Property Tax Law, as
amended to date, the purpose of this article is to grant a partial
exemption from taxation on real property which is owned by certain
persons with disabilities whose income is limited by those disabilities.
A.
The Village of Larchmont hereby exercises the local option provided
for in § 459-c of the New York Real Property Tax Law. Accordingly,
any person otherwise qualifying for the persons with disabilities
exemption provided for therein shall not be denied an exemption by
the Village of Larchmont.
B.
For Village of Larchmont assessment rolls prepared on the basis of
a taxable status date occurring on or after January 1, 2024, real
property owned by a person with a disability, as set forth in § 459-c
of the New York Real Property Tax Law, shall be exempt from village
taxes to the following extent:
|
Annual Income
|
Percentage of Assessed Value Exempt from Taxation
|
|---|---|
|
$0 to $50,000
|
50%
|
|
$50,000.01 to $50,999.99
|
45%
|
|
$51,000 to $51,999.99
|
40%
|
|
$52,000 to $52,999.99
|
35%
|
|
$53,000 to $53,899.99
|
30%
|
|
$53,900 to $54,799.99
|
25%
|
|
$54,800 to $55,699.99
|
20%
|
|
$55,700 to $56,599.99
|
15%
|
|
$56,600 to $57,499.99
|
10%
|
|
$57,500 to $58,399.99
|
5%
|
The owner or all of the owners must file an application annually
in the Assessor's office of the Village of Larchmont for this
exemption. Applications must be filed in the Assessor's office
on or before the taxable status date of the village assessment roll,
which is January 1 of each year.
The eligibility of the owner or owners is to be determined pursuant
to the criteria set forth in § 459-c of the New York Real
Property Tax Law.
