[Adopted 2-5-2018 by L.L.
No. 1-2018]
A.
The maximum real property tax exemption for real property owned by
persons 65 years of age or over within the Town of Monroe is established
at 50%; provided, however, that the total income of the owner does
not exceed the sum of $29,000, as said income is defined in Real Property
Tax Law § 467.
B.
In the event that the total income of the owner of real property
exceeds $29,000, an exemption shall be granted in an amount that corresponds
to the income level set forth in the following schedule:
Annual Income Ranges
|
Exemption Percentage
|
---|---|
No more than $29,000
|
50%
|
$29,001 but less than $29,999
|
45%
|
$30,000 but less than $30,999
|
40%
|
$31,000 but less than $31,999
|
35%
|
$32,000 but less than $32,899
|
30%
|
$32,900 but less than $33,799
|
25%
|
$33,800 but less than $34,699
|
20%
|
$34,700 but less than $35,599
|
15%
|
$35,600 but less than $36,499
|
10%
|
$36,500 but less than $37,399
|
5%
|
C.
The income
limits above shall not include veterans disability compensation, as
defined in Title 38 of the United States Code.
[Added 4-17-2023 by L.L. No. 7-2023]
Application for such exemption must be made by the owner or
all of the owners of the property, on forms prescribed by the state
to be furnished by the appropriate assessing authority, which application
shall furnish the information and be executed in the manner required
or prescribed in such forms and shall be filed in the Town Assessor's
office on or before the appropriate taxable status date.
A.
In the event the owner or all of the owners, of property which has
received an exemption pursuant to Section 467 of the Real Property
Tax Law on the preceding assessment roll fails to file the application
pursuant to Section 467 on or before the taxable status date, such
owner or owners may file the application, executed as if such application
had been filed before the taxable status date, with the Assessor on
or before the date for the hearing of complaints.
B.
In the event the owner, or all of the owners, of property which has
received an exemption pursuant to Section 467 of the Real Property
Tax Law on the preceding assessment roll fails to file the application
pursuant to Section 467 on or before the taxable status date and the
owner, or all of the owners, believe that cause existed for the failure
to file the renewal application by that date, such owner or owners
may, no later than the last day for paying taxes without incurring
interest or penalty, submit a written request to the Assessor asking
him or her to extend the filing deadline and grant the exemption.
Such request shall contain an explanation of why the deadline was
missed, and shall be accompanied by a renewal application reflecting
the facts and circumstances as they existed on the taxable status
date.
C.
D.
If the determination states that the Assessor has granted the exemption,
he or she shall thereupon be authorized and directed to correct the
assessment roll accordingly or, if another person has custody or control
of the assessment roll, to direct that person to make the appropriate
corrections. If the correction is not made before taxes are levied,
the failure to take the exemption into account in the computation
of the tax shall be deemed a clerical error pursuant to Real Property
Tax Law Section 467 and shall be corrected accordingly.