[Adopted 9-8-2003 by L.L. No. 5-2003]
The Board of Trustees of the Village of Skaneateles hereby enacts this article, to provide a partial real property tax exemption and an increase in the income limitation relative to such partial exemption for persons aged 65 years of age and over.
Subject to and as defined in the provisions of New York State Real Property Tax Law § 467, a partial real property tax exemption is hereby authorized for property owned by certain persons aged 65 years of age and over.
[Amended 12-13-2004 by L.L. No. 4-2004; 5-14-2007 by L.L. No. 4-2007]
New York State Real Property Tax Law § 467 authorizes the Village to adopt an exemption for a partial real property tax exemption for real property owned by persons 65 years of age and over to the extent provided by Chapter 186 of the Laws of 2006, as shown below.
Exemption
2006 Income Limits*
2007 Income Limits*
2008 Income Limits*
2009 Income Limits*
50%
$26,000
$27,000
$28,000
$29,000
45%
$27,000
$28,000
$29,000
$30,000
40%
$28,000
$29,000
$30,000
$31,000
35%
$29,000
$30,000
$31,000
$32,000
30%
$29,900
$30,900
$31,900
$32,900
25%
$30,800
$31,800
$32,800
$33,800
20%
$31,700
$32,700
$33,700
$34,700
15%
$32,600
$33,600
$34,600
$35,600
10%
$33,500
$34,500
$35,500
$36,500
5%
$34,400
$35,400
$36,400
$37,400
*Town taxable status of
3-1-2007
3-1-2008
3-1-2009
3-1-2010
For Town bills of
December 2007
December 2008
December 2009
December 2010
*Village will for bills of
May 2008
May 2009
May 2010
May 2011
The income eligibility levels for such exemption are hereby established at the maximum amounts authorized by New York State Real Property Tax Law § 467, Subdivision 1(b)(1), as set forth in § 195-24 of this article.
This article shall take effect immediately upon its filing with the Secretary of State, to be applied to any assessment roll prepared on the basis of the Village of Skaneateles taxable status date occurring on or after January 1, 2004.