Pursuant to the provisions of § 467 of the Real Property Tax Law, as amended, the purpose of this article is to grant a partial exemption from taxation, to the extent set forth in §
207-7, of the assessed valuation of the real property which is owned by certain persons with limited income who are 65 years of age or over, meeting the requirements set forth in such § 467.
[Amended 3-21-2024 by L.L. No. 1-2024(T)]
Real property owned by persons 65 years of age or over and/or by persons with disabilities shall be exempt from taxes, except school district taxes, to the extent set forth in §
207-7, subject to the following conditions:
A. The owner or all owners of real property located in the Town of Harrison
must file an application annually in the Assessor's Office of
the Town of Harrison on or before May 1 (the taxable status date) or such other time as may be hereafter fixed by law.
B. The income of the owner or the combined income of the owners of the property for the income tax year immediately preceding the date of making application for exemption, from all sources, as set forth in Sections 467 and 459-c of the Real Property Tax Law, must not exceed $50,000 in order to qualify for the maximum exemption, set forth in §
207-7. "Income tax year" shall mean the twelve-month period for which the owner or owners filed a federal personal income tax return, or, if there is no such return, the calendar year immediately prior to the date that the application is filed.
(1) Where title is vested in either spouse, their combined income may
not exceed such sum.
(2) Real property owned by one or more persons with disabilities, as defined by New York State Tax Law Section 459-c, by an individual spouse, or both, or by siblings, at least one of whom has a disability and whose income or combined incomes is limited by reason of such disability, shall be exempt from taxes up to a maximum of 50% of the assessed valuation, to the extent set forth in §
207-7.
C. It is further provided that for the purposes of this chapter, income
shall not include medical and prescription drug expenses actually
paid which were not reimbursed or paid for by insurance, as set forth
in Sections 467(3)(a) and 459-c(5)(a) of Real Property Tax Law.
D. Title to the property must be vested in the owner or, if more than
one, in all the owners for at least 24 months prior to the date that
the application is filed.
E. The property must be used exclusively for residential purposes, be
occupied in whole or in part by the owners and constitute the legal
residence of the owners.
[Amended 3-11-2004 by L.L. No. 3-2004; 5-10-2007 by L.L. No.
2-2007; 3-21-2024 by L.L. No. 1-2024]
The income of the owner or the combined income of the owners
for the calendar year prior to the late that the application is filed
shall determine the percentage of assessed valuation which is exempt
from taxation, in accordance with the following schedule:
A. For the period expiring June 30, 2007:
Annual Income
|
Percentage of Assessed Value Exempt from Taxation
|
---|
$0 to $26,000
|
50%
|
$26,000.01 to $26,999.99
|
45%
|
$27,000 to $27,999.99
|
40%
|
$28,000 to $28,999.99
|
35%
|
$29,000 to $29,899.99
|
30%
|
$29,900 to $30,799.99
|
25%
|
$30,800 to $31,699.99
|
20%
|
$31,700 to $32,599.99
|
15%
|
$32,600 to $33,499.99
|
10%
|
$33,500 to $34,399.99
|
5%
|
B. For the period commencing July 1, 2007 and expiring June 30, 2008:
Annual Income
|
Percentage of Assessed Value Exempt from Taxation
|
---|
$0 to $27,000
|
50%
|
$27,000.01 to $27,999.99
|
45%
|
$28,000 to $28,999.99
|
40%
|
$29,000 to $29,999.99
|
35%
|
$30,000 to $30,899.99
|
30%
|
$30,900 to $31,799.99
|
25%
|
$31,800 to $32,699.99
|
20%
|
$32,700 to $33,599.99
|
15%
|
$33,600 to $34,499.99
|
10%
|
$34,500 to $35,399.99
|
5%
|
C. For the period commencing July 1, 2008 and expiring June 30, 2009:
Annual Income
|
Percentage of Assessed Value Exempt from Taxation
|
---|
$0 to $28,000
|
50%
|
$28,000.01 to $28,999.99
|
45%
|
$29,000 to $29,999.99
|
40%
|
$30,000 to $30,999.99
|
35%
|
$31,000 to $31,899.99
|
30%
|
$31,900 to $32,799.99
|
25%
|
$32,800 to $33,699.99
|
20%
|
$33,700 to $34,599.99
|
15%
|
$34,600 to $35,499.99
|
10%
|
$35,500 to $36,399.99
|
5%
|
D. For the period commencing July 1, 2009.
Annual Income
|
Percentage of Assessed Value Exempt from Taxation
|
---|
$0 to $29,000
|
50%
|
$29,000.01 to $29,999.99
|
45%
|
$30,000 to $30,999.99
|
40%
|
$31,000 to $31,999.99
|
35%
|
$32,000 to $32,899.99
|
30%
|
$32,900 to $33,799.99
|
25%
|
$33,800 to $34,699.99
|
20%
|
$34,700 to $35,599.99
|
15%
|
$35,600 to $36,499.99
|
10%
|
$36,500 to $37,399.99
|
5%
|
E. For the period commencing July 1, 2022.
Annual Income
|
Percentage of Assessed Value Exempt from Taxation
|
---|
$0 to $50,000
|
50%
|
$50,000.01 to $50,999.99
|
45%
|
$51,000 to $51,999.99
|
40%
|
$52,000 to $52,999.99
|
35%
|
$53,000 to $53,899.99
|
30%
|
$53,900 to $54,799.99
|
25%
|
$54,800 to $55,699.99
|
20%
|
$55,700 to $56,599.99
|
15%
|
$56,600 to $57,499.99
|
10%
|
$57,500 to $58,399.99
|
5%
|