HomeMy WebLinkAbout1995_12_6_Local_Law_No_13 LAW NO. 13-1995
The local Law shall amend Local Law No. 12 of 1993, Senior Citizen Tax Exemptions.
Section 1. Purpose:
The purpose of this local law is to amend Section 74-7 of the Code of the Town of
Mamaroneck to conform with recent amendments to the enabling provisions of Real
Property Tax Law Section 467.
Section 2. Amendments:
Section 74-7 shall be amended to read as follows:
Real property owned by persons sixty-five (65) years of age or over shall be exempt from
Town taxes, except district taxes,to the extent of fifty per centum (50i) of the assessed
valuation or such lesser per centum of assessed valuation as hereinafter specified,
subject to the following conditions:
A. The owner or all of the owners must file an application annually in the Assessment
office of the Town in which the real property is located.Applications must be filed in the
Assessor's office on or before the taxable status date of the Town assessment roll,which
is June 1 of each calendar year for taxes payable in the following calendar year.
B. In order to be eligible to apply for a partial exemption in the amount of fifty per
centum (50%) of the assessed valuation,the income of the owner or the combined
income of the owners must not exceed seventeen thousand five hundred dollars ($17,
501 00) (M)from all sources as set forth in such Section 467, as amended, for the twelve
(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 a sum.
C. The owner or all of the owners of real property located in the Town,who are sixty-
five (65) years of age or older and whose income or combined income from all sources
for said twelvemonth period exceeded the maximum amount set forth in Subsection B by
less than seven thousand five hundred dollars ($17,500.00) shall be eligible to apply for a
partial exemption as set forth in the following table, in which M stands for the income
specified in Subsection B.
PERCENTAGE ASSESSED VALUATION
ANNUAL INCOME EXEMPT FROM TAXATION
More than M but less than 45 per centum
M+$1,000
M+$1,000 or more but less than 40 per centum
M+$2,000
M+$2,000 or more but less than 35 per centum
M+$3,000
M+$3,000 or more but less than 30 per centum
M+$3,900
M+$3,900 or more but less than 25 per centum
M+$4,800
M+$4,800 or more but less than 20 per centum
M+$5,700
M+$S,700 or more but less than 15 per centum
M+$6,600
M+$6,600 or more but less than 10 per centum
M+$7,500
D. The real property tax exemption provided herein on real property owned by
husband and wife, one (1) of whom is sixty-five (65) years of age or older, once granted,
shall not be rescinded solely because of the death of the older spouse so long as the
surviving spouse in at least sixty-two (62) years of age.
E. Title to the property must be vested in the owner or, if more than one (1), in all the
cvnors for at least twenty-four(24) consecutive months prior to the date that the
application is filed.
Section 3. Effective Date:
This local law shall take affect immediately.