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Senior Citizens’ Exemption
New York State Real Property Tax Law, section 467, gives local governments and public school districts the option of granting a reduction on the amount of property taxes paid by qualifying senior citizens. This is accomplished by reducing the taxable value of residential property owned by seniors by 50%.
To qualify, seniors generally must be 65 years of age or older and meet certain income limitations and other requirements. For the 50% exemption, the law allows each county, city, town, village, or school district to set the maximum income limit at any figure between $3,000 and $29,000.
Localities have the further option of giving exemptions of less than 50% to seniors whose incomes are more than $29,000. Under this option, called the sliding-scale option, such owner can have a yearly income as high as $37,399.99 and get a 5% exemption in places that are using the maximum limit.
For example, in a community that has taken this “sliding-scale” option and has adopted the $29,000 income maximum, an eligible resident whose income is more than $29,000 but less than $29,999.99, is entitled to a 45% exemption.
If the income range is $30,000 to $30,999.99, the exemption is 40%; $31,000 to $31,999.99, 35%; $32,000 to $32,899.99, 30%; $32,900 to $33,799.99, 25%; $33,800 to $34,699.99, 20%; $34,700 to $35,599.99, 15%; $35,600 to $36,499.99, 10%, and $36,500 to $37,399.99, 5%.
Communities that adopt the sliding scale have an option of limiting it to the ranges from 45% through 20% or, if they choose, terminating the exemption at the 10% level, or the 5% level.
Please check with your local assessor or the clerks of the local governments and school district to determine which local options, if any are in effect.
Senior Citizens Exemption |
MUNICIPALITY |
CURRENT |
PRIOR |
DATE CHANGED |
*ALTONA |
$20,500 |
$17,000 |
01/08/01 |
AUSABLE |
$23,000 |
$19,500 |
01/04/07 |
*BEEKMANTOWN |
$20,500 |
$19,500 |
01/22/01 |
BLACK BROOK |
$20,500 |
$19,500 |
08/17/06 |
*CHAMPLAIN |
$25,000 |
$21,500 |
08/31/09 |
*CHAZY |
$19,000 |
$16,000 |
08/14/06 |
CLINTON |
$14,000 |
$12,500 |
06/19/98 |
*DANNEMORA |
$20,500 |
$19,500 |
09/27/06 |
*ELLENBURG |
$24,000 |
$18,500 |
12/08/03 |
MOOERS |
$22,000 |
$15,000 |
09/12/06 |
*PERU |
$24,000 |
$20,500 |
10/20/03 |
*PLATTSBURGH (TOWN) |
$26,000 (ss to $34,399.99) |
$20,500 |
2/5/07 |
*PLATTSBURGH (CITY) |
$26,000 (ss to $34,400) |
$21,500 |
11/09/06 |
*SARANAC |
$26,000 |
$20,500 |
1/22/07 |
*SCHUYLER FALLS |
$20,500 |
$18,500 |
04/24/06 |
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VILLAGES |
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KEESEVILLE |
$21,000 |
$17,500 |
12/05/06 |
*CHAMPLAIN |
$24,000 |
$20,500 |
03/15/04 |
DANNEMORA |
$17,500 |
$12,900 |
02/10/97 |
*ROUSES POINT |
$26,000 (ss to $34,400) |
$24,000 (ss to $32,399) |
10/16/06 |
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*CLINTON COUNTY |
$26,000 (ss to $34,399.99) |
$20,500 |
10/25/06 |
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SCHOOL DISTRICTS |
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*AUSABLE VALLEY |
$26,000 |
$22,000 |
10/18/06 |
*BEEKMANTOWN |
$26,000 |
$20,500 |
01/09/07 |
*CHAZY CENTRAL |
$16,000 |
$14,000 |
01/28/97 |
*NORTHEASTERN CLINTON |
$16,500 |
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*NORTHERN ADIRONDACK |
$10,000 |
$9,500 |
11/18/96 |
PERU CENTRAL |
$24,000 |
$20,500 |
11/18/03 |
SARANAC CENTRAL |
$20,500 |
$19,500 |
07/24/06 |
CHATEAUGAY CENTRAL |
$15,000 |
$12,000 |
11/22/00 |
*SARANAC LAKE CENTRAL |
(ss to $32,400) |
ss to $28,900 |
12/07/05 |
CITY SCHOOL DISTRICT |
$26,000 (ss to $34,400) |
$20,500 |
1/25/07 |
** Important information when filing the Senior Citizens Exemption**
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Please provide proof of income and age along with the application to the local assessor by March 1.
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Links to exemptions:
Senior Citizens Exemption*
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