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X ........ Mamaroneck ...................................
VAW
Town of
Local Law No. ....... ......9.......... of the year 19 99........
A local law.antitlecl "Amendment to Local Law,(�2-X9$5,•5.pnior.Citizens, Cax ,Exeulp.tions'•'-
(Instr1 wit)
Be it enacted by the .........Town Board........................... .... .... ............. ... of the
{'Name of Ltgtslautc Bode
Mamaroneck
Town of ......................................................... .. ... . ........... as folloH sc
SENIOR CITIZEN TAX EXEMPTION
Section 1. Purpose
The purpose of this local law is to amend Local Law No. 2-1985
to provide for partial exemption from taxation to the extent
specified in Section 467 of the Real Property Tax Law, as
amended, as to real property which is owned by persons with
limited income who are sixty-five (65) years of age or over,
meeting the requirements set forth in such section as amended.
l §2• §74-7 of said Local Law No. 2-1985 shall be amended to provide
in Paragraph B thereof that the combinatincome of the owners
must not exceed "fifteen thousand dollars ($15,000)".
§3• Paragraph 74-7(C) shall be amended to read as follows: "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 said
income or combined income from all sources for said twelve (12)
month period exceeded the maximum amount set forth in Sub-section
B above by less than three thousand six hundred dollars ($3,600)
shall be able to apply for a partial exemption as set forth in
the following table in which M stands for the maximum income
specified in Sub-section B.
PERCENTAGE ASSESSED
VALUATION EXEMPT
ANNUAL INCOME FROM TAXATION
More than (M) but less than
M + $600) 45 per centum
(M + $600 or more) but less
than (M + $1,200) 40 per centum
(M + $1,200 or more) but less
than (M + $1,800) 35 per centum
(M + $1,800 or more) but less
than M + $2,400) 30 per centum
(M + $2,400 or more) but less
than (M + $3,000) 25 per centum
(M + $3,000 or more) but less
than (M + $3,600) 20 per centum
§4• This local law shall take. effect immediately.
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