Town of Greenwich, NY
Washington County
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[Adopted 12-12-2006 by L.L. No. 3-2006[1]]
[1]
Editor's Note: This ordinance was originally adopted as Ch. 173 but was renumbered as Art. III, §§ 171-8 through 171-10, to fit into the existing organization of the Code.
The purpose of this article is to provide for the real property tax exemption for senior citizens pursuant to § 467 of the Real Property Tax Law of the State of New York.
This article is enacted pursuant to the provisions of Subdivision 1 of § 467 of the Real Property Tax Law of the State of New York.
[Amended 12-28-2017 by L.L. No. 3-2017]
Pursuant to the provisions of Subdivision 1 of § 467 of the Real Property Tax Law of the State of New York, the sliding scale provision for real property tax exemptions for persons who are 65 years of age or over is henceforth set as follows:
Annual Income
Percentage Assessment Valuation Exempt from Taxation
Up to $24,000
50%
$24,001 to $25,000
45%
$25,001 to $26,000
40%
$26,001 to $27,000
35%
$27,001 to $27,900
30%
$27,901 to $28,800
25%
$28,801 to $29,700
20%
$29,701 to $30,600
15%
$30,601 to $31,500
10%
$31,501 to $32,400
5%