[Adopted 5-2-1984 by L.L. No. 5-1984; amended in its entirety 12-4-1996 by L.L. No. 8-1996]
A.
Pursuant to Real Property Tax Law § 467,
local law and Chapter 139 of the Laws of 1996, senior citizens with
a maximum level of income of less than $18,500 are eligible to receive
an exemption from real property taxation from the town to the extent
of 50% of the assessed valuation.
B.
Chapter 139 of the Laws of 1996 also permits a municipality
to amend a local law granting real property tax exemptions for senior
citizens to include those with an income of less than $26,900, according
to a specified schedule.
Eligible persons 65 years of age or over in
the Town of New Hartford with a maximum level of income of less than
$18,500 may apply for and will receive an exemption from real property
taxation from the town to the extent of 50%. Those eligible persons
65 years of age or older with income less than $26,900 will also be
eligible for real property tax exemptions as follows:
|
Annual Income
|
Percentage Assessed Valuation Exempt from
Taxation
|
|---|---|
|
More than $18,500 but less than $19,500
|
45%
|
|
$19,500 or more but less than $20,500
|
40%
|
|
$20,500 or more but less than $21,500
|
35%
|
|
$21,500 or more but less than $22,400
|
30%
|
|
$22,400 or more but less than $23,300
|
25%
|
|
$23,300 or more but less than $24,200
|
20%
|
|
$24,200 or more but less than $25,100
|
15%
|
|
$25,100 or more but less than $26,000
|
10%
|
|
$26,000 or more but less than $26,900
|
5%
|
