[Adopted 3-7-1989 by L.L. No. 1-1989[1]]
[1]
Editor's Note: This local law also repealed former Art. I,
Senior Citizens Tax Exemption, adopted 3-7-1967 by L.L. No. 1-1967,
as amended.
[Amended 11-18-1997 by L.L. No. 5-1997]
The purpose of this article is to grant a partial exemption
from taxation on a sliding scale of between 5% and 50% of the assessed
valuation of real property which is owned by certain persons with
limited income who are 65 years of age or older and who meet the requirements
set forth in this article and in § 467 of the Real Property
Tax Law.
[Amended 4-2-1991 by L.L. No. 2-1991; 10-4-1994 by L.L. No. 3-1994; 3-4-1997 by L.L. No. 1-1997; 11-18-1997 by L.L. No. 5-1997]
Real property owned by persons 65 years of age or older or by
persons who become 65 years of age after the appropriate Village taxable
status date and on or before December 31 of the same year shall be
partially exempt from Village taxes based on the sliding income and
exemption percentage scale as indicated below, subject to the following
conditions:
A.
Since the Village of Camillus has terminated its status as an assessing
unit pursuant to Local Law No. 1-1988,[1] the owner or all of the owners of the subject real property
must file an application for such partial tax exemption in the office
of the Assessor of the Town of Camillus on such forms as may be provided
or required by the Assessor of the Town of Camillus prior to March
1 of each year, which date is the taxable status date for the Town
of Camillus, or at such other time as may be hereafter fixed by law.
B.
The income of the owner or the combined income of the owners must
not exceed $37,400 for the income tax year immediately preceding the
date the application is filed. "Income," for the purposes of this
article, shall include but not be limited to social security and retirement
benefits, interest, dividends, total gain from the sale or exchange
of a capital asset which may be offset by a loss from the sale or
exchange of a capital asset in the same income tax year, net rental
income, salary and earnings, and net income from self-employment,
but shall not include a return of capital, gifts or inheritances.
In computing net rental income and net income from self-employment,
no depreciation deduction shall be allowed for the exhaustion, wear
and tear of real or personal property held for the production of income.
[Amended 2-16-1999 by L.L. No. 1-1999; 3-6-2001 by L.L. No. 3-2001; 10-7-2003 by L.L. No. 3-2003; 3-14-2006 by L.L. No. 1-2006; 11-14-2006 by L.L. No.
3-2006; 5-4-2015 by L.L. No. 1-2015]
C.
All applicants, including renewal applicants, must provide proof
of income with the application. Title to the property must be vested
in the owner or, if more than one, in one of the owners for at least
24 consecutive months prior to the date that the application is filed.
D.
The property must be used exclusively for residential purposes, be
occupied in whole or in part by the owners and constitute the legal
residence of the owners.
[Amended 4-2-1991 by L.L. No. 2-1991; 10-4-1994 by L.L. No. 3-1994; 3-4-1997 by L.L. No. 1-1997; 2-16-1999 by L.L. No. 1-1999; 3-6-2001 by L.L. No.
3-2001; 10-7-2003 by L.L. No. 3-2003; 3-14-2006 by L.L. No. 1-2006; 11-14-2006 by L.L. No. 3-2006; 5-4-2015 by L.L. No. 1-2015]
The exemption, if granted, shall be based on a sliding scale,
as stated below:
|
Percent of Exemption Based on Assessment
|
Exemption Income Limits
|
|---|---|
|
50%
|
$29,000
|
|
45%
|
$30,000
|
|
40%
|
$31,000
|
|
35%
|
$32,000
|
|
30%
|
$32,900
|
|
25%
|
$33,800
|
|
20%
|
$34,700
|
|
15%
|
$35,600
|
|
10%
|
$36,500
|
|
5%
|
$37,400
|
