6215

SENIOR CITIZENS' EXEMPTION

The Board of Education grants an exemption from taxation to the extent of fifty percentum (50%) of assessed valuation of real property located in the district and owned by persons sixty-five (65) years of age or over, or by a husband and wife, one of whom is 65 or over, whose income meets the statutory requirements set forth in Section 467 of the Real Property Tax Law of the State of New York in effect for the income tax year of application.

ANNUAL INCOME EXEMPTION ON SCHOOL TAXES

$12,025 & UNDER 50%

$12,026 - $13,024 45%

$13,025 - $14,025 40%

$14,026 - $15,025 35%

$15,026 - $15,925 30%

$15,926 - $16,825 25%

$16,825 - $17,725 20%

Ref: Real Property Tax Law §467

Adoption date: January 1, 1993

Reviewed on:    April 8, 2003