Pursuant to the provisions of § 459-c
of the Real Property Tax Law (“RPTL”), real property owned
by one or more persons with disabilities, as defined by RPTL, § 459-c,
or real property owned by a husband, wife or both or by siblings,
at least one of whom has such a disability, and whose income, as defined
herein, is limited by reason of such disability, shall be exempt from
town real property taxation to the extent of fifty percentum of the
assessed valuation thereof as hereinafter provided.
[Amended 2-15-2023 by L.L. No. 2-2023]
All of the provisions, conditions and requirements of § 459-c
of the Real Property Tax Law and amendments thereto shall apply to
the application for and the granting of such exemption on the assessment
rolls of the Town as they apply to the Town of Putnam Valley except
that no exemption shall be granted if the income of the owner or the
combined income of the owners of the property for the income tax year
immediately preceding the date of making application for exemption
is: for the year 2023, the sum of $48,400 or more; for the year 2024,
the sum of $53,400 or more; for the year 2025, the sum of $58,400
or more.
A. Real property owned by persons with disabilities shall be exempt
from certain Town taxes up to a maximum of 50% of the assessed valuation
pursuant to the following schedule:
(1) For the year 2023:
Annual Income
|
Percentage of Assessed Value Exempt From Taxation
|
---|
$40,000 and less
|
50%
|
More than $40,000 but less than $41,000
|
45%
|
More than $41,000 but less than $42,000
|
40%
|
More than $42,000 but less than $43,000
|
35%
|
More than $43,000 but less than $43,900
|
30%
|
More than $43,900 but less than $44,800
|
25%
|
More than $44,800 but less than $45,700
|
20%
|
More than $45,700 but less than $46,600
|
15%
|
More than $46,600 but less than $47,500
|
10%
|
More than $47,500 but less than $48,400
|
5%
|
(2) For the year 2024:
Annual Income
|
Percentage of Assessed Value Exempt From Taxation
|
---|
$45,000 and less
|
50%
|
More than $45,000 but less than $46,000
|
45%
|
More than $46,000 but less than $47,000
|
40%
|
More than $47,000 but less than $48,000
|
35%
|
More than $48,000 but less than $48,900
|
30%
|
More than $48,900 but less than $49,800
|
25%
|
More than $49,800 but less than $50,700
|
20%
|
More than $50,700 but less than $51,600
|
15%
|
More than $51,600 but less than $52,500
|
10%
|
More than $52,500 but less than $53,400
|
5%
|
(3) For the year 2025:
Annual Income
|
Percentage of Assessed Value Exempt From Taxation
|
---|
$50,000 and less
|
50%
|
More than $50,00 but less than $51,000
|
45%
|
More than $51,000 but less than $52,000
|
40%
|
More than $52,000 but less than $53,000
|
35%
|
More than $53,000 but less than $53,900
|
30%
|
More than $53,900 but less than $54,800
|
25%
|
More than $54,800 but less than $55,700
|
20%
|
More than $55,700 but less than $56,600
|
15%
|
More than $56,600 but less than $57,500
|
10%
|
More than $57,500 but less than $58,400
|
5%
|
B. The income of the owner or the combined income of the owners of the
property for the income tax year immediately preceding the date of
the application for exemption from all sources, as set forth in § 459-c,
must be less than $48,400 for the year 2023; $53,400 for the year
2024; and $58,400 for the year 2025. "Income tax year" shall mean
the twelve-month period from which the owner or owners file a federal
personal income tax return or, if no such return is filed, the calendar
year. When title is vested in either the husband or wife, the combined
income of both may not exceed such sum.
C. This article shall apply to the assessment roll as follows:
(1) For §
108-25A(1) commencing for the year 2023 and for the taxable year 2023/2024;
(2) For §
108-25A(2) commencing for the year 2024 and for the taxable year 2024/2025;
(3) For §
108-25A(3) commencing for the year 2025 and for the taxable year 2025/2026.
In conjunction with the provisions of RPTL § 459-c(2)(b),
an award letter from the Social Security Administration evidencing
receipt of the Social Security Disability Insurance (SSDL) or supplemental
security income (SSI) benefits; or the Railroad Retirement Board evidencing
receipt of railroad retirement disability benefits; or a certificate
from the State Commission for the Blind and Visually Handicapped stating
that such person is legally blind shall be submitted as proof of disability.
Application for an exemption pursuant to this
article must be made annually by the owner or all of the owners of
the property, on forms prescribed by the State Board, and shall be
filed in the Assessor's office on or before the applicable taxable
status date; provided, however, that proof of permanent disability
need be submitted only in the year exemption is first sought or the
disability is first determined to be permanent.