HomeMy WebLinkAbout1993_12_15_Local_Law_No_12 i
LOCAL LAW No. 12-1993
T e Local Law shall amend Local Law No. 3 of 1993 , Senior Citizen Tax
Exemptions.
Section 1. Pur ose:
T e purpose of this local law is to amend Section 74-7 of the Code of
he Town of Mamaroneck to conform with recent amendments to the
enabling provisions of Real Property Tax Law Section 467,
Section 2 . Amendments:
Slection 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
vif fifty per centum (50%) of the assessed valuation or such lesser
er centum of assessed valuation as hereinafter specified, subject to
he following condition-s:
The owner or all of the owners must file an application
annually in the Assessor' s 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.
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 sixteen thousand
five hundred dollars ($16,500,00) (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 sum.
The owner or all of the owners of real property located
in the Town, who are sixty-five (6 5) years of age or
older and whose said income or combined income from all
sources for said twelve-month period exceeded the
maximum amount set forth in Subsection B by less than
four thousand eight hundred dollars ($4,800. 00) shall be
eligible to apply �for .a partial exemption as set forth in
the following table, in which M stands for the maximum
income specified in Subsection b.
i
PERCENTAGE ASSESSED VALUATION
ANNUAL INCOME EXEMPT FROM TAXATION
M re than M but less than M 45 per centum
+ 600.
M $600 or more but less than 40 per centum
M $1,200.
M $1 , 200 or more but less than 35 per centum
M $1, 000 .
M $1,800 or more but less than 30 per centum
M $2,400 .
M-$2,400 or more but less than 25 per centum
M+$3, 000.
M $3 , 000 or more but less than 20 per centum
M--$3, 600.
M+$'3 , 600 or more but less than 15 per centum
M+$4,200.
M--$4,200 or more but less than 10 per centum
M $4, 800
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 is at
least sixty-two (62) years of age.
E Except as provided in Section 467-d, Subdivision 4 (b)
title to the property must be vested in the pwner or, if
more than one (1) , in all the owners for at least
twenty--four (24) consecutive months prior to the date
that the application is filed.
S ction 3. Effective Date:
T is local law shall take effect immediately.