[Adopted 12-8-1986 (Ch. 281, Art. II of the 1984 Code);[1]; amended 1-22-1990;[2] 11-23-1992; 1-23-1995; 4-22-1996; 2-24-1997; 5-24-1999 by L.L. No. 3-1999; 3-12-2001 by L.L. No. 1-2001; 4-14-2003 by L.L. No. 6-2003; 3-8-2004 by L.L. No. 5-2004; 3-12-2007 by L.L. No. 1-2007; 4-26-2010 by L.L. No. 4-2010; 4-27-2026 by L.L. No. 1-2026]
[1]
Editor's Note: This ordinance also repealed former Art. II, Senior Citizens Tax Exemption, adopted 10-24-1983.
[2]
Editor's Note: This ordinance also provided that § 467 of the Real Property Tax Law is adopted, excluding § 467, Subdivision 6(b), and that it shall take effect immediately but shall only apply to assessment rolls prepared after 1-1-1990.
As authorized by Chapter 581 of the Laws of 2025 of New York State amending § 467 of the New York State Real Property Tax Law, the maximum income limits and the percentage of assessed value exempt from tax for qualified senior citizens shall be as follows:
Annual Income
Percentage of Assessed Value Exempt From Taxation
$0 to $25,999.99
65%
$26,000.00 to $26,999.99
60%
$27,000.00 to $27,999.99
55%
$28,000.00 to $28,999.99
50%
$29,000.00 to $29,999.99
45%
$30,000.00 to $30,999.99
40%
$31,000.00 to $31,999.99
35%
$32,000.00 to $32,899.99
30%
$32,900.00 to $33,799.99
25%
$33,800.00 to $34,699.99
20%
$34,700 to $35,599.99
15%
$35,600 to $36,499.99
10%
$36,500.00 to $37,399.99
5%
$37,400.00 and above
0%
This article shall take effect immediately and shall apply to assessment rolls prepared on the basis of taxable status dates of May 1, 2026 and thereafter.