[Adopted 12-8-1982 by L.L. No. 5-1982]
[Amended 2-12-1997 by L.L. No. 3-1997]
Real property located within the Village of
Wappingers Falls and owned by one or more persons, each of whom is
65 years of age of over, or real property so located and owned by
a husband and wife, one of whom is 65 years of age or over, shall
be exempt from taxation by said Village to the extent of 50% of the
assessed valuation thereof, provided that the income of the owner
or the combined income of the owners thereof for the income tax year
immediately preceding the date of making application for such exemption
does not exceed the sum of $21,300, and provided further that all
requirements of § 467 of the Real Property Tax Law of the
State of New York are met and complied with.
The procedures with respect to notice, application
for such exemption and action thereon by the Village assessing authority
shall be as set forth in the section of the Real Property Tax Law
above referred to.
This article shall take effect immediately and
shall apply to Village assessment rolls prepared on the basis of taxable
status dates occurring on or after January 1, 1983.
[Added 12-14-1983 by L.L. No. 3-1983; amended 9-11-1991 by L.L. No. 2-1991; 10-13-1993 by L.L. No. 1-1993; 7-9-1997 by L.L. No. 4-1997; 9-8-1999 by L.L. No. 4-1999; 7-9-2003 by L.L. No. 1-2003]
Notwithstanding any inconsistent provisions of § 136-15 hereof, or any other provisions of law, ordinance or local law, for assessment rolls of this Village prepared on the basis of taxable status dates occurring on or after January 1, 2004, the maximum income eligibility level established for purposes of partial exemption from Village taxation under § 467 of the Real Property Tax Law is increased and the percentage of assessed valuation exempt from taxation is correspondingly decreased, both to the extent set forth in the following schedule:
|
Annual Income
|
Percentage of Assessed
Valuation Exempt From
Taxation
|
|---|---|
|
Not less than $21,500
|
50%
|
|
More than $21,500 but less than $22,500
|
45%
|
|
More than $22,500 but less than $23,500
|
40%
|
|
More than $23,500 but less than $24,500
|
35%
|
|
More than $24,500 but less than $25,400
|
30%
|
|
More than $25,400 but less than $26,300
|
25%
|
|
More than $26,300 but less than $27,200
|
20%
|
|
More than $27,200 but less than $28,100
|
15%
|
|
More than $28,100 but less than $29,000
|
10%
|
|
More than $29,000 but less than $29,900
|
5%
|
[Added 12-14-1983 by L.L. No. 3-1983; amended 9-11-1991 by L.L. No. 2-1991; 10-13-1993 by L.L. No. 1-1993; 7-9-1997 by L.L. No. 4-1997; 9-8-1999 by L.L. No. 4-1999; 7-9-2003 by L.L. No. 1-2003]
All provisions of § 467 of the New
York State Real Property Tax Law applicable to the exemptions authorized
thereby shall be applicable to exemptions provided for by this article.
