[Adopted 2-19-1986 by L.L. No. 1-1986]
[Amended 12-5-1996 by L.L. No. 2-1996]
A partial exemption from taxation to the extent of fifty percent (50%) of the assessed valuation of real property which is owned by certain persons with limited income who are sixty-five (65) years of age or older, meeting the requirements set forth in § 467 of the Real Property Tax Law, is hereby granted.
[Amended 2-20-1992; 3-1-1996; 12-5-1996 by L.L. No. 2-1996; 2-13-2003 by L.L. No. 2-2003]
Real property owned by persons 65 years of age or over shall be exempt from Town tax on a decreasing percentage basis.
The income of the owner or the combined income of the owners must not exceed $20,700 for the 12 consecutive months prior to the date that the application is filed. Where title is vested in either the husband or wife, the combined income may not exceed such sum.
[Added 4-6-1989 by L.L. No. 2-1989]
The Assessors of the Town of Corinth are hereby authorized to accept applications for renewal of exemptions relating to persons sixty-five (65) years of age or over, pursuant to § 467 of the Real Property Tax Law, after the taxable status date.
In the event that the owner of property which has received an exemption pursuant to said section on the preceding assessment roll fails to file the application required pursuant to said section on or before the taxable status date, such owner may file the application, executed as if such application had been filed on or before the taxable status date, with the Assessor on or before the date for the hearing of complaints.