The provisions of § 467 of the Real Property Tax Law
be and hereby are adopted and made applicable to real property in
the Village of Spencerport owned by persons 65 years of age or over,
except that where the owners are husband and wife or are siblings
(two or more individuals having at least one common parent), one spouse
or sibling must be 65 years of age or over. Exemption may be allowed
to otherwise eligible senior citizens who became 65 after the taxable
status date (March 1) but on or before December 31 of the same calendar
year. However, the applicant is still required to file the application
for exemption on or before taxable status date.
The maximum income allowed to qualify for the base exemption
(50% of assessed value) is set at $28,000 for the 2009 assessment
roll which impacts the Village fiscal year beginning on June 1, 2010,
and at $29,000 for the 2010 assessment roll which impacts the Village
fiscal year beginning on June 1, 2011, as follows:
A.
Assessment roll for 2009. Village fiscal year beginning June 1, 2010:
|
Annual Income
|
Percentage of Assessed Valuation Exempt from Taxation
| |
|---|---|---|
|
$28,000 and under
|
50%
| |
|
Greater than $28,000 to less than $29,000
|
45%
| |
|
$29,000 to less than $30,000
|
40%
| |
|
$30,000 to less than $31,000
|
35%
| |
|
$31,000 to less than $31,900
|
30%
| |
|
$31,900 to less than $32,800
|
25%
| |
|
$32,800 to less than $33,700
|
20%
| |
|
$33,700 to less than $34,600
|
15%
| |
|
$34,600 to less than $35,500
|
10%
| |
|
$35,500 to less than $36,400
|
5%
| |
|
$36,400 and over
|
No exemption
|
B.
Assessment roll for 2010. Village fiscal year beginning June 1, 2011,
and for each following year unless revised:
|
Annual Income
|
Percentage of Assessed Valuation Exempt from Taxation
| |
|---|---|---|
|
$29,000 and under
|
50%
| |
|
Greater than $29,000 to less than $30,000
|
45%
| |
|
$30,000 to less than $31,000
|
40%
| |
|
$31,000 to less than $32,000
|
35%
| |
|
$32,000 to less than $32,900
|
30%
| |
|
$32,900 to less than $33,800
|
25%
| |
|
$33,800 to less than $34,700
|
20%
| |
|
$34,700 to less than $35,600
|
15%
| |
|
$35,600 to less than $36,500
|
10%
| |
|
$36,500 to less than $37,400
|
5%
| |
|
$37,400 and over
|
No exemption
|
