[Adopted 2-9-2004 by L.L. No. 2-2004]
[Amended 2-12-2007 by L.L. No. 2-2007; 1-7-2008 by L.L. No. 1-2008]
This article is enacted pursuant to § 459-c
of the Real Property Tax Law of the State of New York as amended through
Chapter 348 of the Laws of 2007.
A.
Pursuant to the provisions of § 459-c of
the Real Property Tax Law of the State of New York, real property
located in the Town of Ithaca, owned by one or more persons with disabilities
as defined in § 459-c, or by a husband, wife, or both, or
by siblings, at least one of whom has such a disability, or real property
owned by one or more persons, some of whom qualify under § 459-c
and the others of whom qualify under § 467 of the Real Property
Tax Law of the State of New York, and whose income is limited by reason
of such disability, shall be partially exempt from taxation by said
Town for the applicable taxes specified in said § 459-c
based upon the income of the owner or combined incomes of the owners.
Such partial exemption shall be to the extent set forth in the schedule
following:
[Last amended 2-12-2024 by L.L. No. 2-2024]
|
Annual Income of Owner or
Combined Annual Income of Owners
|
Percentage Assessed
Valuation Exempt From
Taxation
|
|---|---|
|
Up to and including $35,000
|
50%
|
|
More than $35,000 but less than $36,000
|
45%
|
|
$36,000 or more but less than $37,000
|
40%
|
|
$37,000 or more but less than $38,000
|
35%
|
|
$38,000 or more but less than $38,900
|
30%
|
|
$38,900 or more but less than $39,800
|
25%
|
|
$39,800 or more but less than $40,700
|
20%
|
|
$40,700 or more but less than $41,600
|
15%
|
|
$41,600 or more but less than $42,500
|
10%
|
|
$42,500 or more but less than $43,400
|
5%
|
B.
The partial exemption provided by this article shall, however, be limited to such property and persons as meet the conditions, qualification, exclusions and limitations set forth in § 459-c of the Real Property Tax Law of the State of New York. This article shall be administered in accordance with said section of the Real Property Tax Law as now adopted and as it may be amended from time to time, and the provisions of said section shall be applicable to the effectuation of the exemption provided for in this article. Without limiting the foregoing, the partial exemption authorized by this article shall be computed in accordance with the provisions of § 459-c and shall not apply to real property for which a partial exemption has been received pursuant to the provisions of § 467 of the Real Property Tax Law of the State of New York as applied to the Town of Ithaca by the provisions of Article I, Senior Citizens Exemption, of this Chapter 239, as amended from time to time.
[Amended 2-12-2007 by L.L. No. 2-2007]
Application for such exemption must be made
by the owner, or all of the owners of the property on forms prescribed
by the State Board of Real Property Services of the State of New York
(or any successor agency) to be furnished by the appropriate assessing
authority and shall furnish the information and be executed in the
manner required or prescribed in such forms, and shall be filed in
the Tompkins County Assessment office on or before the appropriate
taxable status date.
Any conviction of having made any willful false
statement of the application for such exemption shall be punishable
by a fine of not more than $100 and shall disqualify the applicant
or applicants from further exemption for a period of five years.
[Last amended 2-12-2024 by L.L. No. 2-2024]
The schedule in § 239-12A shall apply to assessment rolls prepared on the basis of taxable status dates occurring on or after March 1, 2024. With respect to assessment rolls prepared on the basis of taxable status dates prior to March 1, 2024, the partial exemption allowed by the Town of Ithaca shall be limited to qualified properties, to those persons otherwise qualified under, and to the amounts permitted by, the applicable Town of Ithaca local laws in effect on the relevant taxable status date.
