Pursuant to the provisions of §§ 459-c, 467 and
467-d of the Real Property Tax Law, the purpose of this article is
to grant senior citizens (those who are 65 years of age or over) and
disabled citizens a partial exemption from taxation up to 50% of the
assessed valuation of real property subject to the limiting income
standards set forth in said law in order to qualify for the tax exemptions
specified herein.
Real property owned by persons 65 years of age or over and disabled
persons shall be exempt from certain Town taxes up to a maximum of
50% of the assessed valuation, pursuant to the provisions of Real
Property Tax Law §§ 459-c and 467, Subdivision 1(b),
as amended, in accordance with Schedule A attached hereto.[1]
[1]
Editor's Note: Schedule A is included as an attachment to this chapter.
The income of the owner or the combined income of the owners
of the property for the income tax year immediately preceding the
date of making application for exemption from all sources, as set
forth in §§ 459-c, 467 and 467-d of the Real Property
Tax Law, must not exceed the maximum income exemption eligibility
level for the granting of partial exemption from real property taxation
as provided herein, provided that for the purposes of this article
income shall not include veterans' disability compensation as
defined in Title 38 of the United States Code. "Income tax year" shall
mean the twelve-month period for which the owner or owners file a
federal personal income tax return or, if no such return is filed,
the calendar year. When title is vested in either the husband or wife,
the combined income of both may not exceed such sum.
The provisions of New York State Real Property Tax Law (RPTL) §§ 459-c,
467, Subdivisions 5-a, 8, and 8-a, each providing for the extension
of filing dates under certain conditions, are hereby adopted.
This article shall become effective immediately upon filing
of the same with the Secretary of State of New York.
