[Adopted 2-6-1969 by Ord. No. 23]
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.
A.
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:
(1)
The owner or all of the owners of real property seeking
qualification for exemption must file an application annually in the
Assessor's office on forms prescribed by the Town Board 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 such Assessor's office on or before the appropriate
taxable status date.
[Amended 12-3-1990]
(2)
The income of the owner or combined income of the
owners must not exceed $29,000 for the income tax year immediately
preceding the date of making the application for exemption. "Income
tax year" shall mean the twelve-month period for which the owners
filed a federal personal income tax return or, if no such return is
filed, the calendar year.
[Amended 4-29-1971; 1-14-1975; 1-25-1977; 9-22-1981; 3-8-1983; 3-27-1984; 1-13-1987; 7-11-1989; 12-3-1990; 1-16-1995 by L.L. No. 1-1995; 3-19-2012 by L.L. No.
4-2012]
(3)
Title to the property must be vested in the owner
or, if more than one, in all owners for at least 24 consecutive months
prior to the date that the application is filed.
[Amended 12-3-1990]
(4)
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.
(5)
The exemption provided herein is granted only to the
extent allowed or provided by the Real Property Tax Law of the State
of New York. If this article should be more restrictive, then this
article shall control.
[Added 1-16-1995 by L.L. No. 1-1995]
B.
Notwithstanding any other provision of this article
or law, any person otherwise qualifying under this section shall not
be denied the exemption under this section if he becomes 65 years
of age after the appropriate taxable status date and before December
31 of the same year.
[Added 12-3-1990]
[Added 7-11-1989; amended 11-20-1989; 12-3-1990; 1-16-1995 by L.L. No. 1-1995; 3-19-2012 by L.L. No.
4-2012]
A further exemption is provided to increase
the maximum income eligibility level for a senior citizens exemption
is provided as follows:
|
Annual Income
|
Percentage of Assessed Valuation Exempt
From Taxation
|
|---|---|
|
$29,000 or less
|
50%
|
|
More than $29,001 but less than $29,999
|
45%
|
|
$30,000 or more, but less than $30,999
|
40%
|
|
$31,000 or more, but less than $31,999
|
35%
|
|
$32,000 or more, but less than $32,899
|
30%
|
|
$32,900 or more, but less than $33,799
|
25%
|
|
$33,800 or more, but less than $34,699
|
20%
|
|
$34,700 or more, but less than $35,599
|
15%
|
|
$35,600 or more, but less than $36,499
|
10%
|
|
$36,500 or more, but less than $37,399
|
5%
|
