[Amended 1-31-1983 by L.L. No. 2-1983; 2-5-1992 by L.L. No. 1-1992; 2-22-1993 by L.L. No. 1-1993; 2-13-1995 by L.L. No. 2-1995]
Real property located in the Town of Marlborough, County of Ulster and the State of New York, owned by one or more persons, each of whom is 65 years of age or over, or real property owned by husband or wife, one of whom is 65 years or over, shall be exempt from taxation, as provided in the sliding scale enumerated in §
137-2A, of the assessed valuation thereof upon qualification.
No exemption shall be granted unless:
A. The income of the owner or the combined income of
the owners, excluding any income payable to either or both of them
as veterans disability compensation (as defined in Title 38 of the
United States Code), of the property for income tax purposes for the
income tax year (meaning the twelve-month period for which the owner
or owners filed a federal income tax return or, if no income tax return
was filed, for the calendar year) does not exceed the maximum income
and percentages granted as follows:
[Last amended 9-26-2005 by L.L. No. 3-2005]
|
Income
|
Percentage of Assessed Valuation Exempt
From Taxation
|
---|
|
$21,000 or less
|
50%
|
|
More than $21,001 but less than $22,000
|
45%
|
|
More than $22,001 but less than $23,000
|
40%
|
|
More than $23,001 but less than $24,000
|
35%
|
|
More than $24,001 but less than $24,900
|
30%
|
|
More than $24,901 but less than $25,800
|
25%
|
|
More than $25,801 but less than $26,700
|
20%
|
|
More than $26,701 but less than $27,600
|
15%
|
|
More than $27,601 but less than $28,500
|
10%
|
|
More than $28,501 but less than $29,400
|
5%
|
B. The property shall meet those additional qualifications
as provided by law.
[Amended 2-13-1978 by L.L. No. 1-1978; 8-22-1994 by L.L. No. 2-1994]
[Amended 8-22-1994 by L.L. No. 2-1994]
Application for such exemption must be made
annually by the owner or all the owners of the property, on forms
to be furnished by the Board of Assessors of the Town of Marlborough,
and shall furnish the information and be executed in the manner prescribed
in said forms. Such application shall be filed with the office of
the Board of Assessors on or before the appropriate taxable status
date.
Any conviction of having made any willful false
statement in 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.