[Adopted 2-21-2023 by L.L. No. 3-2023]
Pursuant to the authority granted by § 467 of the
Real Property Tax Law, and all in accordance therewith, real property
in the Town of Conesus, County of Livingston, owned by one or more
persons, each of whom is 65 years of age or over, or real property
owned by husband and wife or by siblings, one of whom is 65 years
of age or over, or real property owned by a person otherwise qualifying
under § 467 of the Real Property Tax Law, and where any
such property is the qualifying residence pursuant to § 467
of the Real Property Tax Law, shall be entitled the exemption under
this article as set forth herein.
Property eligible for the exemption pursuant to this article
shall be exempt from taxation up to a maximum of 50% of the assessed
valuation where applicable annual income or combined annual incomes
does not exceed $28,000 (all as determined in accordance with NY Real
Property Tax Law), and further, for incomes in excess of the $28,000,
such property shall be exempt from taxation to the extent provided
in the following schedule:
|
Annual Income
|
Percentage Assessed Valuation Exempt From Taxation
|
|---|---|
|
$28,000 and less
|
50%
|
|
$28,000.01 to $28,999.99
|
45%
|
|
$29,000 to $29,999.99
|
40%
|
|
$30,000 to $30,999.99
|
35%
|
|
$31,000 to $31,899.99
|
30%
|
|
$31,900 to $32,799.99
|
25%
|
|
$32,800 to $33,699.99
|
20%
|
|
$33,700 to $34,599.99
|
15%
|
|
$34,600 to $35,499.99
|
10%
|
|
$35,500 to $36,399.99
|
5%
|
