The purpose of this Article is to grant a partial
exemption from taxation to the extent of 50% of the assessed valuation
of 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 § 467 of the Real Property Tax Law.
[Amended 12-3-1980; 3-25-1983; 6-19-1985; 2-27-1987; 10-25-1989; 12-28-1994; 3-19-1997 by L.L. No. 5-1997; 2-28-2024 by L.L. No. 4-2024]
Real property owned by persons 65 years of age or over shall
be exempt from Town taxes to the extent of 50% of the assessed valuation
subject to the following conditions:
A. The owner, or all of the owners of the property if more than one
owner, must file an application annually in the Assessor's office
at least 90 days before the day for filing the final assessment roll
or such other time as may be hereafter fixed by law.
B. The income of the owner, or the combined income of the owners if
more than one owner, must not exceed the maximum income for the 12
consecutive months prior to the date that the application is filed,
in accordance with the following schedule:
Maximum Income Exemption Eligibility
|
Percentage of Assessed Valuation Exempt From Taxation
|
---|
Less than $30,000
|
50%
|
$30,001 but less than $31,000
|
45%
|
$31,001 but less than $32,000
|
40%
|
$32,001 but less than $33,000
|
35%
|
$33,001 but less than $33,900
|
30%
|
$33,901 but less than $34,800
|
25%
|
$34,801 but less than $35,700
|
20%
|
C. Title to the property must be vested in the owner or, if more than
one, in all the owners for at least 60 consecutive months prior to
the date that the application is filed.
D. 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.
[Added 2-20-1997 by L.L. No. 2-1997]
A. Purpose. The purpose of this section shall be to allow
the exclusion of all medical and prescription drug expenses which
were actually paid and not reimbursed or paid by insurance from the
definition of "income" for purposes of the senior citizen exemption
pursuant to § 467 of the Real Property Tax Law of the State
of New York.
B. Legislative intent. Pursuant to the provisions of
§ 467 of the New York State Real Property Tax Law as heretofore
adopted by the Legislature of the State of New York, the purpose of
this section is to allow the exclusion of medical and prescription
drug expenses which were actually paid and were not reimbursed or
paid by insurance from the definition of "income" for purposes of
the senior citizen exemption.
C. Meanings. The meanings of words and expressions as
used in this section shall be identical to their meanings as used
in Section 467 of the Real Property Tax Law of the State of New York.
D. Inconsistencies. Insofar as the provisions of this
section are inconsistent with the provisions of any other local law
or act, the provisions of this section shall be controlling.
[Added 2-20-1997 by L.L. No. 3-1997]
A. Purpose. The purpose of this section shall be to allow
an aged person to file a first-time exemption after March 1 but before
grievance day pursuant to § 467 of the Real Property Tax
Law of the State of New York if there is a medical reason, such as
hospitalization, death in the family, etc.
B. Legislative intent. Pursuant to the provisions of
§ 467 of the New York State Real Property Tax Law as heretofore
adopted by the Legislature of the State of New York, the purpose of
this section is to allow filing by an aged person of a first time
exemption after March 1 but before grievance day if there is a medical
reason.
C. Meanings. The meanings of words and expressions as
used in this section shall be identical to their meanings as used
in § 467 of the Real Property Tax Law of the State of New
York.
D. Inconsistencies. Insofar as the provisions of this
section are inconsistent with the provisions of any other local law
or act, the provisions of this section shall be controlling.
[Added 4-3-1989 by L.L. No. 3-1989;
amended 2-20-1997 by L.L. No. 4-1997]
A. Purpose. The purpose of this section shall be to allow
an aged person to file a renewal exemption application up to grievance
day as per § 467 of the Real Property Tax Law of the State
of New York as provided therein.
B. Legislative intent. Pursuant to the provisions of
§ 467 of the New York State Real Property Tax Law as heretofore
adopted by the Legislature of the State of New York, the purpose of
this section is to allow an aged person to file a renewal exemption
application up to grievance day.
C. Meanings. The meanings of words and expressions as
used in this section shall be identical to their meanings as used
in § 467 of the Real Property Tax Law of the State of New
York.
D. Inconsistencies. Insofar as the provisions of this
section are inconsistent with the provisions of any other local law
or act, the provisions of this section shall be controlling.
[Added 3-19-1997 by L.L. No. 5-1997]
Any person or persons found guilty of making
a willful false statement in the application of this exemption shall
be punishable by a fine of not more than $100, and shall be disqualified
from further exemption for a period of five years.