[Derived from Ch. 81 of the 1978 Code]
This article shall hereinafter be known and
may be cited as the "Aged Tax Exemption Law of the Village of New
Paltz."
The purpose of this article is to provide a
partial exemption from taxation imposed by the Incorporated Village
of New Paltz upon real property situated within the Village of New
Paltz owned by persons 65 years of age and over, pursuant to the authority
vested in the Village by § 467 of the Real Property Tax
Law of the State of New York.
The provisions of § 467 of the Real Property Tax Law of the State of New York, as amended through the effective date of this article, together with any further acts of the Legislature amendatory thereof or supplemental thereto, shall apply to and govern the determination of the exemption from taxation permitted by this article, to the extent specified in § 182-18 hereof, as if such § 467 had been more particularly set forth herein.
[Amended 10-22-2014 by L.L. No. 13-2014]
No exemption from taxation shall be granted hereunder if the
income of the owner or the combined income of the owners of the real
property for the income tax year immediately preceding the date of
application for exemption exceeds the sum as set annually by resolution
of the Board of Trustees.
A.
Notwithstanding the provisions of § 182-18 of this article, the maximum income-exemption eligibility level for the income of the owners of the real property shall be modified to the extent provided in the following schedule:
|
Annual Income
|
Percentage of Assessed Valuation Exempt
From Taxation
| |
|---|---|---|
|
Less than $16,500
|
50%
| |
|
$16,500 or more but less than $17,099
|
45%
| |
|
$17,100 or more but less than $17,699
|
40%
| |
|
$17,700 or more but less than $18,299
|
35%
| |
|
$18,300 or more but less than $18,899
|
30%
| |
|
$18,900 or more but less than $19,499
|
25%
| |
|
$19,500 or more but less than $20,099
|
20%
| |
|
$20,100 or more but less than $20,699
|
15%
| |
|
$20,700 or more but less than $21,300
|
10%
|
B.
The provisions of § 467 of the Real Property Tax Law of the State of New York, as amended through the effective date of this article, together with any further acts of the Legislature amendatory thereof or supplemental thereto, shall apply to and govern the determination of the exemption from taxation permitted by § 182-19A of this article, as if such § 467 had been more particularly set forth herein.
C.
In the event the owner or all of the owners of real
property which had received an exemption pursuant to this section
on the preceding assessment roll fail to file the application required
pursuant to this section on or before the taxable status date, such
owner or owners may file the application, executed as if such application
had been filed on or before the taxable status date, with the Assessor
on or before the date of the hearing of complaints.
