[Adopted 10-19-1998; amended in its entirety 9-11-2000 by L.L. No. 1-2000]
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.
[Amended 2-10-2003; 3-10-2003; 2-9-2004; 1-2-2007; 1-30-2007; 2-12-2007 by L.L. No. 4-2007; 1-14-2008 by L.L. No.
1-2008; 6-9-2015 by L.L. No 3-2015; 11-14-2023 by L.L. No. 8-2023]
A.
With regard to the 2024 assessment roll and continuing thereafter
until a different maximum income level and partial exemption schedule
is adopted by the Town Board of the Town of New Lebanon, the maximum
income level for the 50% exemption for senior citizens shall be established
at $34,000, and the following partial exemptions are hereby established:
|
Annual Income
|
Percentage of Assessed Valuation Exempt from Taxation
|
|---|---|
|
$34,000 or less
|
50%
|
|
$34,000.01 to $34,999.99
|
45%
|
|
$35,000 to $35,999.99
|
40%
|
|
$36,000 to $36,999.99
|
35%
|
|
$37,000 to $37,899.99
|
30%
|
|
$37,900 to $38,799.99
|
25%
|
|
$38,800 to $39,699.99
|
20%
|
|
$39,700 to $40,599.99
|
15%
|
|
$40,600 to $41,499.99
|
10%
|
|
$41,500 to $42,399.99
|
5%
|
B.
(Reserved)
C.
Notwithstanding the provisions of Real Property Tax Law § 467(5),
any application for an exemption pursuant to the exemption levels
set forth in this article may be filed with the Town of New Lebanon
Assessor after the appropriate 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 death of the applicant's spouse, child, parent,
brother or sister; or an illness of the applicant or of the applicant's
spouse, child, parent, brother or sister, which actually prevented
the applicant from filing on a timely basis, as certified by a licensed
physician. The assessor shall approve or deny such application as
if it had been filed on or before the taxable status date.
