[HISTORY: Adopted by the Town Board of the
Town of New Castle 2-27-2001 by L.L. No. 2-2001. Amendments noted where
applicable.]
GENERAL REFERENCES
Taxation: real property exemption — See Ch. 116.
Pursuant to Real Property Tax Law § 425(6)(d), as amended under Chapter 104 of the Laws of 2000 of the State of New York, the last date for filing STAR exemption applications shall be the first day of June preceding the next annual school tax levy.
Real property owned by one or more persons with
disabilities, as defined in New York State Real Property Tax Law § 459-c,
or owned by a husband, wife, or both, or by siblings, at least one
of whom has a disability, and whose income or combined incomes are
limited by reason of such disability, shall be exempt from taxes up
to a maximum of 50% of the assessed valuation, pursuant to the following
schedule and subject to the following conditions:
A.
For assessment rolls prepared on the basis of a taxable
status date occurring on or after June 2007, the exemption shall be
as follows:
(1)
For the period expiring June 30, 2007:
|
Annual Income
|
Percentage of Assessed Value Exempt From
Taxation
| |
|---|---|---|
|
$0 to $26,000
|
50%
| |
|
$26,001 to $26,999
|
45%
| |
|
$27,000 to $27,999
|
40%
| |
|
$28,000 to $28,999
|
35%
| |
|
$29,000 to $29,899
|
30%
| |
|
$29,900 to $30,799
|
25%
| |
|
$30,800 to $31,699
|
20%
| |
|
$31,700 to $32,599
|
15%
| |
|
$32,600 to $33,499
|
10%
| |
|
$33,500 to $34,399
|
5%
|
(2)
For the period commencing July 1, 2007, and expiring
on June 30, 2008:
|
Annual Income
|
Percentage of Assessed Value Exempt From
Taxation
| |
|---|---|---|
|
$0 to $27,000
|
50%
| |
|
$27,001 to $27,999
|
45%
| |
|
$28,000 to $28,999
|
40%
| |
|
$29,000 to $29,999
|
35%
| |
|
$30,000 to $30,899
|
30%
| |
|
$30,900 to $31,799
|
25%
| |
|
$31,800 to $32,699
|
20%
| |
|
$32,700 to $33,599
|
15%
| |
|
$33,600 to $34,499
|
10%
| |
|
$34,500 to $35,399
|
5%
|
(3)
For the period commencing July 1, 2008, and expiring
on June 30, 2009:
|
Annual Income
|
Percentage of Assessed Value Exempt From
Taxation
| |
|---|---|---|
|
$0 to $28,000
|
50%
| |
|
$28,001 to $28,999
|
45%
| |
|
$29,000 to $29,999
|
40%
| |
|
$30,000 to $30,999
|
35%
| |
|
$31,000 to $31,899
|
30%
| |
|
$31,900 to $32,799
|
25%
| |
|
$32,800 to $33,699
|
20%
| |
|
$33,700 to $34,599
|
15%
| |
|
$34,600 to $35,499
|
10%
| |
|
$35,500 to $36,399
|
5%
|
(4)
For the period commencing July 1, 2009:
|
Annual Income
|
Percentage of Assessed Value Exempt From
Taxation
| |
|---|---|---|
|
$0 to $29,000
|
50%
| |
|
$29,001 to $29,999
|
45%
| |
|
$30,000 to $30,999
|
40%
| |
|
$31,000 to $31,999
|
35%
| |
|
$32,000 to $32,899
|
30%
| |
|
$32,900 to $33,799
|
25%
| |
|
$33,800 to $34,699
|
20%
| |
|
$34,700 to $35,599
|
15%
| |
|
$35,600 to $36,499
|
10%
| |
|
$36,500 to $37,399
|
5%
|
|
1.
|
The income of the owner or the combined income of the owners
of the property, from all sources, as set forth in New York State
Real Property Tax Law § 459-c, for the income tax year immediately
preceding the date of making application for exemption must not exceed
$27,899.99. "Income tax year" shall mean the twelve-month period for
which the owner or owners file a federal personal income tax return
or, if no such return is filed, the calendar year.
| |
|
2.
|
Only that portion of property used exclusively for residential
purposes shall be eligible for exemption pursuant to this chapter.
| |
|
3.
|
Except as otherwise provided for in New York State Real Property
Tax Law § 459-c, to be eligible for exemption pursuant to
this chapter, property must be the legal residence, and be occupied,
in whole or in part, by the disabled person.
| |
|
4.
|
Any exemption provided by this chapter shall be computed after
all other partial exemptions allowed by law have been subtracted from
the total amount assessed; provided, however, that no parcel may receive
both an exemption pursuant to this chapter and a senior citizens'
tax exemption pursuant to Chapter 470 of the Laws of Westchester County.
| |
|
5.
|
Notwithstanding any other provision of this chapter to the contrary,
the provisions of this chapter shall apply to real property held in
trust solely for the benefit of a person or persons who would otherwise
be eligible for a real property tax exemption, pursuant to this chapter,
were such person or persons the owner or owners of such real property.
|
Application for an exemption pursuant to this
chapter must be filed by the owner, or by all of the owners, of the
property, annually in the Assessor's office on forms prescribed
by the New York State Board of Real Property Services on or before
the appropriate taxable status date.
As set forth pursuant to Subdivision 6 of § 459-c
of the New York State Real Property Tax Law, title to that portion
of real property owned by a cooperative apartment corporation in which
a tenant-stockholder resides and which is represented by his or her
share or shares of stock in such corporation determined by its or
their proportional relationship to the total outstanding stock of
the corporation, including that owned by the corporation, shall be
deemed to be vested in such tenant-stockholder. That proportion of
the assessment of such real property owned by a cooperative apartment
corporation determined by the relationship of such real property vested
in such tenant-stockholder to such real property owned by such cooperative
apartment corporation in which such tenant-stockholder resides shall
be subject to exemption from taxation pursuant to § 459-c
of the New York State Real Property Tax Law and any exemption so granted
shall be credited by the appropriate taxing authority against the
assessed valuation of such real property; the reduction in real property
taxes realized thereby shall be credited by the cooperative apartment
corporation against the amount of such taxes otherwise payable by
or chargeable to such tenant-stockholder.
