[Adopted 10-6-1986 by L.L. No. 3-1986]
[Amended 6-4-1990 by L.L. No. 3-1990; 9-4-2001 by L.L. No. 12-2001; 4-22-2002 by L.L. No. 3-2002; 10-17-2022 by L.L. No. 11-2022]
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 spouses one
of whom is 65 years of age or over, who are eligible as set forth
below, shall be exempt from taxation by the Village of Croton-on-Hudson
for Village general taxes to the extent of 50% of the assessed valuation
thereof. Such exemption shall be computed after all other partial
exemptions allowed by law have been subtracted from the total amount
assessed. Said exemption is allowed to otherwise eligible senior citizens
who become 65 after the taxable status date, but before December 31
of the calendar year.
[Last amended 11-13-2023 by L.L. No. 19-2023]
In order to be eligible to apply for a partial
exemption in the amount of 50% of the assessed valuation, the income
of the owner or the combined income of the owners must not exceed
$50,000 from all sources as set forth in such § 467, as
amended, for the second-latest calendar year prior to the date that
the application is filed. Where title is vested in one spouse, the
combined income may not exceed such sum. Any such income shall be
offset by all medical and prescription drug expenses actually paid
which were not reimbursed or paid for by insurance.
A.
The application for exemption in accordance with the
above shall be governed by the provisions of § 467 of the
Real Property Tax Law, including those statutory provisions prescribing
qualifications for and limitations on such exemptions, the application
and processing procedures and the penalties for willful false statements.
B.
Pursuant to the provisions of Subdivision 8 of § 467
of the Real Property Tax Law, the Village Assessor is hereby authorized
to accept applications for renewal of exemptions granted under this
article after the taxable status date. In the event that the owner
or all of the owners of property which has received an exemption pursuant
to this article on the preceding assessment roll shall fail to file
an application for renewal on or before the taxable status date, such
owner or owners may file the application, executed as if such application
had been filed on or before the taxable status date, with the Assessor
on or before the date set for the hearing of complaints.
[Added 5-7-1990 by L.L. No. 2-1990]
