HomeMy WebLinkAbout2001_5_2_Local_Law_No_3 LOCAL LAW NO. 3 - 2001
This Local Law shall be known as "Amendment to the Senior Citizens Tax Exemption".
Section 1 - Purpose:
The purpose of this Local Law is to amend Section 195-6 (B), Section 195-6 (C) and
Section 195-6 CF) (3) of the Code of the Town of Mamaroneck to conform to recent
amendments to the provisions of Real Property Tax Law Section 467 as it relates to
real property tax exemptions for persons sixty-live years of age or over.
Section 2 -Amendments:
1. The current Section 195-6 (B) of the Code of the Town of Mamaroneck shall be
deleted in its entirety and the following substituted in its place:
B. In order to be eligible to apply for a partial exemption in the mount of 50% of the
assessed valuation, the income of the owner or the combined income of the owners
must not exceed $20,500 from all sources as set forth in such Section 467 as amended
for the 12 consecutive months prior to the date that the application is filed. Where title
is vested in either the husband or the wife, the combined income may not exceed such
sum. Any such income ,-I! be offset by all medical and prescription drug expenses
actually paid which were not reimbursed or paid for by insurance.
2. The current Section 195-6 (C) of T3- Code of the Town of Mamaroneck shall be
deleted in its entirety and the following substituted in its place:
C. The owner or all the owners of real property located in the town who are 65 years
of age or older and whose income or combined income from all sources for said twelve-
month period exceeded the maximum amount set forth in Subsection B of this Section
by less than $8,400 shall be eligible to apply for a partial exemption as set forth in the
following table:
Annual Income Percentage of Assessed
Valuation Exempt
From Taxation
0 to $20,500.00 50%
$20,500.01 to $21,499.99 45%
$2t,500.00 to $22,499.99 40%
$22,500.00 to $23,499.99 35%
$23,500.00 to $24,399.99 30%
$24,400.00 to $25,299.99 25%
$25,300.00 to $26,199.99 20%
$26,200.00 to $27,099.99 15%
$27,100.00 to $27,999.99 10%
$28,000.00 to $28,899.99 5%
3. The current Section 195-6 (1:) (3) is deleted in its entirety and the following substituted
in its place:
D. Annual income limitations for county tax purposes:
Annual Income Percentage of Assessed
Valuation Exempt
From Taxation
0 to $.20,500.00 50%
$20,500.01 to $21,499.99 45%
$21.500.00 to $22,499.99 40%
$22,500.00 to $23,499.99 35%
$23,500.00 to $24,399.99 30%
$24,400.00 to $25,299.99 25%
$25,300.00 to $26,199.99 20%
$26,200.00 to $27,099.99 15%
$27,100.00 to $27,999.99 10%
$28,000.00 to $28,899.99 5%
Section 4. Severability:
Should any provision of this Local Law be declared invalid or unconstitutional by any
court of competent jurisdiction, such declaration of unconstitutionality or invalidity shall
not affect any other provisions of this Local Law which may be implemented without the
invalid or unconstitutional provision.
Section 5 - Effective Date:
This Local Law shall take effect immediately upon filing.