Village of Delhi, NY
Delaware County
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Table of Contents
Table of Contents
[Adopted 12-1-1975 by L.L. No. 11-1975 (Ch. 40, Art II, of the 1979 Code)]
[Amended 6-4-1979 by L.L. No. 2-1979]
Real property owned by one or more persons, each of whom is 65 years of age or over, or real property owned by husband and wife, one of whom is 65 years of age or over, shall be exempt from taxation by the Village of Delhi, in which it is located, to the extent of 50% of the assessed valuation thereof. Such exemption shall be computed after all other partial exemptions allowed by law have been subtracted from the total amount assessed.
[Amended 6-4-1979 by L.L. No. 2-1979; 10-5-1981 by L.L. No. 5-1981; 7-16-1984 by L.L. No. 5-1984]
A. 
No exemption shall be granted if the income of the owner or the combined income of the owners of the property for the income year immediately preceding the date of making application for exemption exceeds the sum of $10,600.
[Amended 3-4-1992 by L.L. No. 2-1992]
B. 
However, partial exemptions shall be granted for those having incomes under $10,600, according to this schedule:
[Amended 3-4-1992 by L.L. No. 2-1992]
Annual Income
Percent of Assessed Valuation Exempt From Taxation
$7,000 or below
50%
More than $7,000 but less than $7,600
45%
More than $7,600 but less than $8,200
40%
More than $8,200 but less than $8,800
35%
More than $8,800 but less than $9,400
30%
More than $9,400 but less than $10,000
25%
More than $10,000 but less than $10,600
20%
More than $10,600
No reduction
C. 
"Income tax year" shall mean the twelve-month period for which the owner or owners filed a federal personal income tax return or, if no such return is filed, the calendar year. Where title is vested in either the husband or the wife, their combined income may not exceed such sum. Such income shall include social security and retirement benefits, interest, dividends, net rental income, salary or earnings and net income from self-employment but shall not include gifts or inheritances.
D. 
Exemptions shall not be granted unless there is compliance with such other restrictions, regulations, standards, etc., as are set forth in § 467 of the Real Property Tax Law of New York State, as the same may be from time to time amended.
[Amended 6-4-1979 by L.L. No. 2-1979]
Application for such exemption must be made by the owner or all of the owners of the property on forms prescribed by the State 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 be filed in such Assessor's office on or before the appropriate taxable status date.