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Home My WebLink AboutTC Department of Assessment letter -increase the max income level for eligibility for RPTL 467 and RPTL 459-C exemptions 10.5.2006.PDFValeria Coggin Director i l '1i\ Jay Franklin ^ : i,.1 tj( j * i": ix i- A5b-istaqt-pirector Y;l-.; -*-* -October 4, 2006 Walter Lynn Villager of Cayuga Heights 836 Hranshaw Road Ithaca, NY 14850 Dear \f/alter This lertter is to inform you that the New York Legislature has increased the i'i'iaximum income level for eligibiiity for the "persgn sixty-five yeari of age or over" (RPTL +Al) and the "Persons with disabilities and limited income" (RPTL 459- C) exermptions. The previous legislation allowed for an income limit of $24,000 to receive a fifty percent (50%) reduction in taxable value. The new legislation signed into law this year allows for the minimum level to increase to $2€,000' In addition, this new legislation allows for the maximum income level to be increased to $34,399 for eligibility for a five percent (5%) reductlon in taxable value. The Tompkins County Legislature at their October 3, 2006 meeting decided to increase the maximum income level in ew scale is as follows:order to receive a five percent reduction,duction to $34,399. lhe new COUNTY uP TO - 26,000 | EQ/MORE LESS THAN 26,001 26,999 I 27,000 27,999 28,000 28,999 29,000 29,899 29,900 30,799 30,800 31,699 31,700 32,599 64 ra^JZ,OUU JO,+YY 33,500 34,399 icale rs as lollows: Exemption Percen 50% 45% 4oo/o 3SYo 30% ry/2 20,/2 1s',% rc% 5% Enclosed please find a spreadsheet hstlng a[ of the taxing jurisdictions within Tompkins County and their current corresponding income limits. lf your municipality/school district would. like to adjust your income scale for these two "*er[tion", the Department of Assessment needs to be notified by February 1,2007 to apply ihe higher income limit to the 2007 Tentative Assessment Roll. lf you have any questions please do not hesitate to give me a call. Sincerely, -7r4r'#- Jay Franklin Assislant Director of Assessmeni Mail Address: 128 Eiast Buffalo Street Ithaczr, New York 14850 http ://lvww.to m pkins-co.o rg/assessm enU Tel: 607-274-5517 Fax: 607-274-5507 assessment@tomPkins-co "org lncome Limits uP TO - 24,000 EQ/MORE LESS THAN 24,001 24,999 25,000 25,999 26,000 26,999 27,000 27,899 27,900 28,799 28,800 29,699 29,700 30,599 30,600 3'1,499 31,500 32,399 24,000 32.400 Southern Cayuga Schools Ithaca City Schools Lansing Schools Trumansburg Schools Dryden Schools Newfield Schools Groton Schools Tompkins County School District Senior/Disabilitv Income Scales Moravia Schools Homer Schools Candor Schools Spencer - Van Etten Cortland Newark Valley EQ/MORE LESS THAN 1 1 ,000 12,000 12,000 13,000 13,000 14,000 14,000 14,900 14,900 15,800 15,800 '16,700 Income Limits uP TO - 19,500 EQ/MORE LESS THAN 19,500 20,4 21,500 22,4 23,400 24,299 24,300 25,199 25,200 26,099 26,100 26,999 27,000 27,899 19.500 27 .900 Income Limits uP TO - 10,500 EQ/MORE LESS THAN 10,501 I 1 ,50011,501 12,500 12,501 13,500 13,501 14,400 14,401 15,300 15,301 16,200 10,500 16,200 Income Limits uP TO 10,000 10,001 1 '1 ,00011,001 12,000 12,001 13,000 13,001 13,900 13,901 14,800 14,801 15,700 10,000 15,700 Income Limits uP TO - 17,500 EQ/MORE LESS THAN 17,501 18,499 18,500 19,499 19,500 20,499 20,500 21,399 21,400 22,299 22,300 23,199 23,200 24,099 24,1AQ 24,999 17,500 25,000 Income Limits uP TO - 9,000 EQ/MORE LESS THAN 9,001 10,000 10,001 11,000 11,001 12,000 12,001 12,900 12,901 13,800 13,801 14,700 9,000 14.700 EQ/MORE LESS THAN 16,501 17 ,10017,101 17 ,700 17,701 18,300 18,301 18,900 18,901 19,500 19,501 20,100 20,101 20,700 20,701 21,300 16,500 21 Income Limits uP TO - 7,200 EQ/MORE LESS THAN 10,200 11,1 7,200 88,200 I9,200 10 1 1 ,100 12 12,000 12 7,200 12 lncome Limits uP TO - 24,000 EQ/MORE LESS THAN24,001 24,999 25,000 25,999 26,000 26,999 27,000 27,899 27,900 28,799 28,800 29,699 29,700 30,599 30,600 31,499 31,s00 32,399 24,000 32,400 City of lthaca Trtwn of Caroline T(:rwn of Danby Tr:rwn of Dryden Trrwn of lthaca Tr:rwn of Lansing Village of Trumansburg Tcwn of Ulysses Village of Groton Town of Groton Town of Newfield Village of Lansing Tompkins County Municipality Senior/Disability Income Scales 10/4/2006 lncome Limits uP TO 17,500 r 50% Income Limts7,200 50% Town of Enfield Village of Dryden Cayuga lleights Village of Freeville Income Limits UP TO 21,OOO EQ/MORE LESS THAN 21,001 2'1,600 21,601 22,200 22,201 22,800 22,801 23,400 23,401 24,000 24,001 24,600 21,000 24,600 Income Limits uP TO - 20,500 EQ/MORE LESS THAN 20,501 21 ,50021,500 22,500 22,500 23,500 23,500 24,400 24,400 25 25,300 26 26,200 27,100 27,100 28,000 28,000 28,899 Income Limts 0- 15,000 | 15,001-15,600 15,601-16,200 16,201-16,800 16,801-17,400 17,401-18,000 18,001-18,600 15,000-18,600 EQ/MORE LESS THAN 19,501 20,499 20,500 21,499 21,s00 22,499 22,500 23,399 23,400 24,299 25,200 26,099 26,100 26,999 27,000 27,900 18,500 27.900