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HomeMy WebLinkAboutLL#1 of 2016 Tax Exemptions & Amendments SR-DisbTOWN OF LANSING, TOMPKINS COUNTY, NEW YORK LOCAL LAW NUMBER 1 OF 2016 Senior and Disabled Citizens’ Real Property Partial Tax Exemption Amendments to Local Law Number 2 of 2009 SECTION 1: Section 3 of Local Law Number 2 of 2009 is amended to read as follows: Exemption Tables and Qualifications: Such partial exemption shall be to the extent set forth in the schedule following: ANNUAL INCOME OF OWNER PERCENTAGE ASSESSED OR COMBINED ANNUAL INCOME VALUATION EXEMPT OF OWNERS FROM TAXATION Income Limits UP TO $29,000.00 50% EQ/MORE LESS THAN $29,000.00 $30,000.00 45% $30,000.00 $31,000.00 40% $31,000.00 $32,000.00 35% $32,000.00 $32,900.00 30% $32,900.00 $33,800.00 25% $33,800.00 $34,700.00 20% $34,700.00 $35,600.00 15% $35,600.00 $36,500.00 10% $36,500.00 $37,400.00 5% $29,000.00 $37,400.00 The partial exemption provided by this Local Law shall, however, be limited to such property and persons as meet the conditions, qualifications, exclusions, and limitations set forth in Section 467 of the Real Property Tax Law of the State of New York. This Local Law shall be administered in accordance with said Sections of the Real Property Tax Law, as now adopted, and as may be amended from time to time, and the provisions of said Section 467 shall be applicable to the effectuation of the exemption provided for in this Local Law. SECTION 2: This Local Law shall apply to the applicable taxes for the year 2017, and for future tax years until this Local Law is amended or rescinded. SECTION 3: This Local Law, and the amendments to Local Law #2 0f 2009, shall take effect immediately, and the Town Clerk is directed to immediately file a copy of this Local Law with the Secretary of State as required by law.