[Pursuant to § 467 of the Real Property Tax Law of the State of New York, as amended, the Board of Trustees, by resolution adopted 2-4-1993, as amended 2-9-1995, 4-8-1999, 2-8-2001 and 10-6-2005, set the maximum income eligibility level at $24,000 with a schedule of partial exemptions as follows:
Annual Income
Percentage of Assessed Valuation Exempt From Taxation
$24,000 or less
50%
$24,001 to $24,999
45%
$25,000 to $25,999
40%
$26,000 to $26,999
35%
$27,000 to $27,900
30%
$27,901 to $28,800
25%
$28,801 to $29,700
20%
$29,701 to $30,600
15%
$30,601 to $31,500
10%
$31,501 to $32,400
5%
for those persons 65 years of age or older seeking exemption from real property taxation.
Local Law No. 2-2016, adopted 9-15-2016, provided that in the event the owner or all of the owners of property which has received an exemption pursuant to § 467 of the Real Property Tax Law on the preceding assessment roll fail to file the application pursuant to Section 467 on or before the taxable status date, such owner or owners may file the application executed as if such application had been filed before the taxable status date, with an Assessor, on or before the date for the hearing of complaints.]
Local Law 1-2022, adopted 3-16-2022, provided that any person or persons 65 years of age or older may file an application for an exemption pursuant to § 467 of the Real Property Tax Law no later than the last date on which a Petition with respect to the complaints of assessment may be filed, whether such person or persons had previously filed such an application, if the failure to timely file the application resulted from a) a death of the applicant's spouse, child, parent, brother or sister or b) an illness of the applicant or of the applicant's spouse, child, parent, brother or sister, which actually prevented the applicant from filing on a timely basis, as certified by a licensed physician.