[1]
Editor's Note: This local law also repealed
former Art. III, Senior Citizens Tax Exemption, adopted 1-24-1983
by L.L. No. 2-1983, as amended.
A.
Pursuant to § 467 of the Real Property Tax
Law, real property owned by one or more persons, each of whom is 65
years of age or over, or real property owned by husband and wife,
one of whom is 65 years of age or over, shall be exempt from taxation
by the Town of Clifton Park to the extent of 50% of the assessed valuation
thereof, provided that:
(1)
The income of the persons owning the property or the
combined income of such persons does not exceed $32,400 as the term
"income" is defined in such section of the Real Property Tax Law.
[Amended 10-6-2003 by L.L. 9-2003; 10-17-2005 by L.L. 9-2005]
(2)
Such person or persons meet all other qualifications
for such exemption according to the provisions of said § 467
of the Real Property Tax Law.
(3)
Such person or persons comply with the procedures
set forth therein in relation to the application for such exemptions.
B.
Pursuant to § 467, Subdivision 1, Paragraph
(b), of the Real Property Tax Law, real property owned by one or more
persons, each of whom is 65 years of age or over, or real property
owned by husband or wife, one of whom is 65 years or over, shall be
exempt from taxation by the Town of Clifton Park, provided that the
combined income of husband and wife is in accordance with the following
schedule:
(1)
Schedule.
[Amended 2-24-1997 by L.L. 2-1997; 3-1-1999 by L.L. 1-1999; 10-6-2003 by L.L. 9-2003; 10-17-2005 by L.L. 9-2005]
|
Annual Income/Source of Exemption
|
Percentage of Assessed Valuation Exempt
From Taxation
|
|---|---|
|
Up to and including $24,000
|
50%
|
|
More than $24,000 but less than $25,000
|
45%
|
|
$25,000 or more but less than $26,000
|
40%
|
|
$26,000 or more but less than $27,000
|
35%
|
|
$27,000 or more but less than $27,900
|
30%
|
|
$27,900 or more but less than $28,800
|
25%
|
|
$28,800 or more but less than $29,700
|
20%
|
|
$29,700 or more but less than $30,600
|
15%
|
|
$30,600 or more but less than $31,500
|
10%
|
|
$31,500 or more but less than $32,400
|
5%
|
(2)
Such person or persons shall meet all other qualifications
for such exemption according to the provisions of said § 467
of the Real Property Tax Law.
(3)
Such person or persons shall comply with the procedures
set forth therein in relation to the application for such exemptions.
C.
The deadline for applications for exemptions for new or the renewed
applications are extended to each Annual Tax Grievance Day upon proof
of the death of an immediate family member, or serious illness of
the applicant or immediate family member that is documented by a physician
RPTL § 467(5-a).
[Added 1-7-2019 by L.L.
No. 1-2019]
