[Adopted 8-17-1982 by L.L. No. 8-1982;
amended in its entirety 12-2-1983 by L.L. No. 10-1983]
[Amended 5-15-1987 by L.L. No. 7-1987; 2-2-1990 by L.L. No.
1-1990; 11-1-1991 by L.L. No. 27-1991; 2-19-1993 by L.L. No.
2-1993; 12-16-1994 by L.L. No. 16-1994; 2-16-1996 by L.L. No.
1-1996]
A.
Exemptions under § 467 of the Real Property
Tax Law shall be calculated in accordance with the following schedule:
[Amended 10-20-2022 by L.L. No. 26-2022]
|
Annual Income[1]
|
Percentage of Assessed Valuation Exempt
from Taxation
| |
|---|---|---|
|
More than $3,000 but not more than M
|
50%
| |
|
More than (M) but not more than (M + $1,000.00)
|
45%
| |
|
(M + $1,001.00 or more) but not more than (M
+ $2,000.00)
|
40%
| |
|
(M + $2,001.00 or more) but not more than (M
+ $3,000.00)
|
35%
| |
|
(M + $3,001.00 or more) but not more than (M
+ $3,900.00)
|
30%
| |
|
(M + $3,901.00 or more) but not more than (M
+ $4,800.00)
|
25%
| |
|
(M + $4,801.00 or more) but not more than (M
+ $5,700.00)
|
20%
| |
|
(M + $5,701.00 or more) but not more than (M
+ $6,600.00)
|
15%
| |
|
(M + $6,601.00 or more) but not more than (M
+ $7,500.00)
|
10%
| |
|
(M + $7,501.00 or more) but not more than (M
+ $8,400.00)
|
5%
|
B.
Extensions. Each year, prior to the adoption of the
final budgets of the town, wherein the levy of any taxes on real property
located within the Town is established, the Town Board shall enact
a resolution authorizing an extension of no more than five business
days, following the date for paying over such taxes, for the payment
of taxes without interest or penalty to any resident of the Town who
has received an exemption pursuant to this article, related to their
principal residence located within the town. The number of days to
be granted each year shall be upon the recommendation of the Receiver
of Taxes, in order so as not to jeopardize the town's compliance with
the Suffolk County Tax Act. Any taxes not paid within the extension
period shall be subject to the same interest and penalties that would
have applied if no extension had been granted.
[Added 1-6-1998 by L.L. No. 4-1998]
C.
Extension for senior citizen exemption filing date.
[Added 6-4-1999 by L. L. No. 11-1999]
(1)
Pursuant to § 467, Subdivision 8, of the
Real Property Tax Law, the Town Board of the Town of East Hampton
hereby elects to authorize the Assessors of the Town of East Hampton
to accept applications for renewals of exemptions after the taxable
status date.
(2)
In the event that the owner, or all of the owners, of property which has received an exemption on the preceding assessment roll fails to file the application required by this article II on or before taxable status date, such owner or owners 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.
(3)
The Assessors of the Town of East Hampton shall execute
and transmit to the Board of Assessment Review a verified statement
that such late application for exemption has been received.
[Added 5-15-1987 by L.L. No. 7-1987;
amended 8-17-1990 by L.L. No. 14-1990; 11-1-1991 by L.L. No. 27-1991; 2-19-1993 by L.L. No. 2-1993]
A.
Pursuant to the terms and conditions of and in accordance
with the provisions of § 467 of the Real Property Tax Law
of the State of New York, real property 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, and located within the Town of East Hampton shall be exempt
from any tax imposed by the Town of East Hampton to the extent shown
in the above schedule if 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 does not exceed
the sums as indicated in said schedule. For purposes of this section,
"sibling" shall mean a brother or sister, whether related through
half blood, whole blood or adoption. The real property tax exemption
provided for in this article, on real property owned by husband and
wife, one of whom is 65 years of age or over, once granted, shall
not be rescinded solely because of the death of the older spouse so
long as the surviving spouse is at least 62 years of age.
[Amended 2-16-1996 by L.L. No. 1-1996]
B.
The income of the property owner or the combined income of the owners of the property for the income tax year immediately preceding the date of making application for the exemption shall not exceed the maximum annual income for the granting of the minimum exemption set forth in § 225-4. The value of "M" shall be established from time to time by resolution of the Town Board adopted after the holding of a duly noticed public hearing and shall in no event exceed the maximum income eligibility level authorized by state law.
[Amended 12-16-1994 by L.L. No. 16-1994]
C.
For purposes of this article:
[Added 2-16-1996 by L.L. No. 1-1996]
(1)
Title to that portion of real property built as a
cooperative apartment and owned by a cooperative apartment corporation
in which a tenant-stockholder of such corporation resides and which
is represented by his/her share or shares of stock in such corporation
as determined by its or their proportional relationship to the total
outstanding stock of the corporation shall be deemed vested in such
tenant-shareholder.
(2)
That proportion of the assessment of such real property
built as a cooperative apartment and owned by such cooperative apartment
corporation determined by the relationship of such real property vested
in such tenant-stockholder to such entire parcel and buildings thereon
owned by such cooperative apartment corporation in which such tenant-stockholder
resides shall be subject to exemption from taxation pursuant to this
article and any exemption so granted shall be credited by the Town
against the assessed valuation of such real property; the reduction
in real property taxes realized thereby shall be credited by the cooperative
apartment against the amount of such taxes otherwise payable by or
chargeable to such tenant-stockholder.
This local law is subject to all the terms,
exceptions and conditions contained in § 467 of the Real
Property Tax Law.
This local law shall take effect January 1,
1984.
