[Adopted 12-8-1982 by L.L. No. 5-1982]
[Amended 2-12-1997 by L.L. No. 3-1997]
Real property located within the Village of Wappingers Falls and owned by one or more persons, each of whom is 65 years of age of over, or real property so located and owned by a husband and wife, one of whom is 65 years of age or over, shall be exempt from taxation by said Village to the extent of 50% of the assessed valuation thereof, provided that the income of the owner or the combined income of the owners thereof for the income tax year immediately preceding the date of making application for such exemption does not exceed the sum of $21,300, and provided further that all requirements of § 467 of the Real Property Tax Law of the State of New York are met and complied with.
This article shall take effect immediately and shall apply to Village assessment rolls prepared on the basis of taxable status dates occurring on or after January 1, 1983.
[Added 12-14-1983 by L.L. No. 3-1983; amended 9-11-1991 by L.L. No. 2-1991; 10-13-1993 by L.L. No. 1-1993; 7-9-1997 by L.L. No. 4-1997; 9-8-1999 by L.L. No. 4-1999; 7-9-2003 by L.L. No. 1-2003]
Notwithstanding any inconsistent provisions of § 136-15 hereof, or any other provisions of law, ordinance or local law, for assessment rolls of this Village prepared on the basis of taxable status dates occurring on or after January 1, 2004, the maximum income eligibility level established for purposes of partial exemption from Village taxation under § 467 of the Real Property Tax Law is increased and the percentage of assessed valuation exempt from taxation is correspondingly decreased, both to the extent set forth in the following schedule:
Annual Income
Percentage of Assessed
Valuation Exempt From
Taxation
Not less than $21,500
50%
More than $21,500 but less than $22,500
45%
More than $22,500 but less than $23,500
40%
More than $23,500 but less than $24,500
35%
More than $24,500 but less than $25,400
30%
More than $25,400 but less than $26,300
25%
More than $26,300 but less than $27,200
20%
More than $27,200 but less than $28,100
15%
More than $28,100 but less than $29,000
10%
More than $29,000 but less than $29,900
5%
[Added 12-14-1983 by L.L. No. 3-1983; amended 9-11-1991 by L.L. No. 2-1991; 10-13-1993 by L.L. No. 1-1993; 7-9-1997 by L.L. No. 4-1997; 9-8-1999 by L.L. No. 4-1999; 7-9-2003 by L.L. No. 1-2003]
All provisions of § 467 of the New York State Real Property Tax Law applicable to the exemptions authorized thereby shall be applicable to exemptions provided for by this article.