[Adopted 8-24-1966 by Res. No. 5 (Ch. 185, Art. I, of the 1995 Code)]
[Amended 12-14-1983 by L.L. No. 4-1983; 12-13-1995 by L.L. No. 9-1995; 2-28-2007 by L.L. No. 3-2007]
The provisions of § 467 of the Real Property Tax Law
are hereby adopted and made applicable to real property in the Town
of Ogden 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.
[Last amended 1-10-2007 by L.L. No. 1-2007[1]]
The maximum income allowed to qualify for the base exemption
(50% of assessed value) is set at $29,000 beginning July 1, 2009,
with corresponding increases in the sliding scale:
|
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
|
[Added 10-24-1984 by L.L.
No. 6-1984; amended 7-28-2004 by L.L. No. 2-2004; 11-9-2005 by L.L. No. 7-2005]
The Assessor of the Town of Ogden is authorized to accept applications
for renewal of exemptions, pursuant to § 467 of the Real
Property Tax Law, filed after the taxable status date, provided that
the owner or owners of the property filed a renewal application on
or before the last date for the hearing of complaints on the current
assessment roll, and where failure to file a timely application resulted
from:
