HomeMy WebLinkAbout2024 #3 Senior Tax ExemptionTown of Groton Local Law# 3 of 2024
Tax Exemption for persons over 65 years of age- Passed 7/9/2024
Section 1. Purpose
The purpose of this Local Law is to grant partial exemption from taxation to a maximum of fifty per centum
(50%) of assessed valuation of real property which is owned by persons with limited income who are sixty-five
(65) years of age or over who meet the requirements set forth in Section 467 of the Real Property Tax Law of
the State of New York as amended.
Section 2. Exemption Granted
Pursuant to the provisions of Section 467 of the Real Property Tax Law, as amended, real property situated
within the bounds of the Town of Groton, Tompkins County, New York, owned by one or more persons, each
of whom is 65 years of age or over, or real property owned by a married couple or by siblings, one of whom is
65 years of age or over, shall be exempt from taxation for real estate taxes to be levied by the Town of Groton
by the percentage of exemption specified for the annual income ranges listed below:
Annual Income Ranges Exemption Percentage
(1) up to $35,000.00 50%
(2) $35,001.01 to $36,000.00 45%
(3) $36,000.01 to $37,000.00 40%
(4) $37,000.01 to $38,000.00 35%
(5) $38,000.01 to $38,900.00 30%
(6) $38,900.01 to $39,800.00 25%
(7) $39,800.01 to $40,700.00 20%
(8) $40,700.01 to $41,600.00 15%
(9) $41,600.01 to $42,500.00 10%
(10) $42,500.01 to $43,400.00 5%
Section 3 Application for exemption
Applications for such exemption must be made by the owner or all of the owners of the property on forms to
be furnished by the Tompkins County Department of Assessment and shall furnish the information and be
executed in the manner required or prescribed in such forms and shall be filed in such office on or before the
appropriate taxable status date.
Section 4. Separability
Should any section, paragraph, sentence, clause or phrase of this Local Law be declared unconstitutional or
unjust for any reason by a court of competent jurisdiction, the remainder of this Local Law shall not be
affected thereby.
Section 5. Repealed
This Local Law shall repeal and supersede all prior Local Laws relative to providing a partial exemption from
taxation to persons sixty-five years of age or older pursuant to the provisions of Section 467 of the Real Property
Tax Law.
Section 6. Effective Date
This Local Law shall take effect immediately upon filing with the New York Secretary of State and shall
apply to the next assessment roll as determined by the application status submitted to the Tompkins
Department of Assessment.