Town of Fort Edward, NY
Washington County
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[Adopted 1-8-2007 by L.L. No. 1-2007]
The purpose of this article is to grant a partial exemption from taxation to a maximum extent of 50% of the assessed valuation of real property which is owned by one or more persons 65 years of age or over who meet the requirements set forth in § 467 of the Real Property Tax Law.
[Amended 9-13-2010 by L.L. No. 4-2010]
Real property which qualifies for exemption pursuant to the provisions of Real Property Tax Law § 467 is hereby exempted from taxation by the Town pursuant to the following schedule:
Annual Combined Income
Percentage of Assessed Valuation Exempt From Taxation
Up to $20,000
50%
$20,001 to $21,000
45%
$21,001 to $22,000
40%
$22,001 to $23,000
35%
$23,001 to $23,900
30%
$23,901 to $24,800
25%
$24,801 to $25,700
20%
$25,701 to $26,600
15%
$26,601 to $27,500
10%
$27,501 to $28,400
5%