[Adopted 3-26-1990 by L.L. No. 2-1990[1]]
[1]
Editor's Note: This local law also provided
that it shall take effect immediately and shall be applicable to all
assessment rolls prepared or completed after July 1, 1990.
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 Village of Woodsburgh, pursuant to Real
Property Tax Law § 467, to the extent provided in this article.
[Amended 11-26-1990 by L.L. No. 3-1990]
The percentage of the assessed value of any
property which shall be exempt from taxation pursuant to this section
shall be based upon income as provided in Real Property Tax Law § 467,
and upon the following table:
|
Income
|
Exemption
(percent)
|
|---|---|
|
Less than $15,000
|
50
|
|
At least $15,000 but less than $15,600
|
45
|
|
At least $15,600 but less than $16,200
|
40
|
|
At least $16,200 but less than $16,800
|
35
|
|
At least $16,800 but less than $17,400
|
30
|
|
At least $17,400 but less than $18,000
|
25
|
|
At least $18,000 but less than $18,600
|
20
|
No person otherwise qualifying for real property
tax exemption pursuant to Real Property Tax Law § 467 shall
be denied the exemption if such person becomes 65 years of age after
the appropriate taxable status date and before December 31 of the
same year.
Any person who has been granted exemption pursuant
to this article on five consecutive assessment rolls shall not be
subject to the requirements of Real Property Tax Law § 467,
Subdivision 6(a), provided that such person shall file the sworn affidavit
required by Real Property Tax Law § 467, Subdivision 6(b).
