[Adopted 2-9-1995[1]]
[1]
Editor's Note: This resolution superseded
former Article II, Senior Citizens Tax Exemption, adopted 1-10-1991.
This resolution also provided that it would apply only to tax rolls
prepared on or after 3-1-1995.
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 Greenfield to the extent of 50% of the assessed
valuation thereof, provided that:
A.
The income of the persons owning the property, or
the combined income of such persons, does not exceed $15,000, as the
term "income" is defined in such section of the Real Property Tax
Law.
B.
Such person or persons meet all other qualifications
for such exemption according to the provisions of said § 467
of the Real Property Tax Law.
C.
Such person or persons comply with the procedures
set forth therein in relation to the application for such exemptions.
Pursuant to § 467, Subdivision 1(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 and wife, one of whom is 65 years of age or over, shall be
exempt from taxation by the Town of Greenfield to the extent indicated
below, provided that:
A.
The income of the owner or combined income of the
owners does not exceed the amounts indicated below:
|
Annual Income/Source of Exemption
|
Percentage Assessed Value Exempt from
Taxation
| |
|---|---|---|
|
Up to and including $15,000
|
50%
| |
|
More than $15,000 but less than $16,000
|
45%
| |
|
More than $16,000 but less than $17,000
|
40%
| |
|
More than $17,000 but less than $18,000
|
35%
| |
|
More than $18,000 but less than $18,900
|
30%
| |
|
More than $18,900 but less than $19,800
|
25%
| |
|
More than $19,800 but less than $20,700
|
20%
|
B.
Such person or persons meet all other qualifications
for such exemption according to the provisions of said § 467
of the Real Property Tax Law.
C.
Such person or persons comply with the procedures
set forth therein in relation to the application for such exemptions.
