§ 170-7. Grant of exemption; income qualifications.

A. 

Pursuant to § 467 of the New York State Real Property Tax Law, real property owned by one or more persons, each of whom is 65 years of age or over, or real property owned by a husband and wife or by siblings, one of whom is 65 years of age or older, shall be exempt from taxation by the Town of DeWitt to the extent of 50% of the assessed valuation thereof; provided, however, that the income of the owner or the combined income of the owners of property for the income tax year immediately preceding the date of making application for exemption, as defined by § 467 of the New York State Real Property Tax Law, does not exceed the sum of $24,000. Such grant of exemption shall be subject to, and governed by, the provisions of § 467 of the New York State Real Property Tax Law.

B. 

Exemptions shall be granted in accordance with the provisions of this article and § 467 of the New York State Real Property Tax Law to eligible persons based upon the following schedule.

[Amended 2-12-2001 by L.L. No. 2-2001; 2-10-2003 by L.L. No. 2-2003; 2-9-2004 by L.L. No. 1-2004]

Annual Income Limit	Percentage of Assessed Valuation Exempt From Taxation
$24,000 and below	50%
$24,001 to $25,000	45%
$25,001 to $26,000	40%
$26,001 to $27,000	35%
$27,001 to $27,900	30%
$27,901 to $28,800	25%
$28,801 to $29,700	20%
$29,701 to $30,600	15%
$30,601 to $31,500	10%
$31,501 to $32,400	5%

C. 

Subject to § 467 of the New York Real Property Tax Law, the maximum income eligibility limits in this article, and the figures in the schedule in this article, may be amended from time to time without a public hearing by resolution of the Town Board of the Town of DeWitt.

Amended 2-10-2003 by L.L. No. 2-2003; 2-9-2004 by L.L. No. 1-2004