[Amended 2-26-2007 by L.L. No. 1-2007; 2-26-2007 by L.L. No. 2-2007; 2-4-2008 by L.L. No. 1-2008; 2-4-2008 by L.L. No. 2-2008; 2-16-2011 by L.L. No. 1-2011; 2-16-2011 by L.L. No. 2-2011; 5-20-2015 by L.L. No. 2-2015; 2-14-2023 by L.L. No. 2-2023; 2-14-2023 by L.L. No. 3-2023]
A.
Senior citizens exemption. The Town Board of the Town of Beekman hereby establishes the maximum income eligibility limits for the partial real property tax exemption applicable to otherwise qualified taxpayers over the age of 65, regarding assessment rolls prepared on the basis of the taxable status date occurring on or after January 1, 2023, and until the state modifies such limits, as provided below. The Board hereby provides that any individual, otherwise qualified pursuant to the provisions of § 467 of the Real Property Tax Law, shall be entitled to such real property tax exemption if they become 65 years of age after the appropriate taxable status date and before December 31 of the same year.
Annual Income Range | Exemption Percentage | |
|---|---|---|
$50,000 or less | 50% | |
$50,001 to $51,000 | 45% | |
$51,001 to $52,000 | 40% | |
$52,001 to $53,000 | 35% | |
$53,001 to $53,900 | 30% | |
$53,901 to $54,800 | 25% | |
$54,801 to $55,700 | 20% | |
$55,701 to $56,600 | 15% | |
$56,601 to $57,500 | 10% | |
$57,501 to $58,400 | 5% | |
$58,401 or more | 0% |
B.
Persons with disabilities and limited income exemption. The Town Board of the Town of Beekman hereby establishes the maximum income eligibility limits for the partial real property tax exemption applicable to otherwise qualified taxpayers with disability, regarding assessment rolls prepared on the basis of the taxable status date occurring on or after January 1, 2023, and until the state modifies such limits, as provided below. The Board hereby provides that any individual, otherwise qualified property owners with disabilities pursuant to the provisions of § 459-c of the Real Property Tax Law, shall be entitled to such real property tax exemption.
Annual Income Range | Exemption Percentage | |
|---|---|---|
$50,000 or less | 50% | |
$50,001 to $51,000 | 45% | |
$51,001 to $52,000 | 40% | |
$52,001 to $53,000 | 35% | |
$53,001 to $53,900 | 30% | |
$53,901 to $54,800 | 25% | |
$54,801 to $55,700 | 20% | |
$55,701 to $56,600 | 15% | |
$56,601 to $57,500 | 10% | |
$57,501 to $58,400 | 5% | |
$58,401 or more | 0% |
C.
The Town Tax Assessor may accept applications for renewal of senior exemptions until the date hearing grievances.