6215
SENIOR CITIZENS’ EXEMPTION
SENIOR CITIZENS’ EXEMPTION
The Board of Education grants an exemption from school taxes according to the maximum annual income ranges and graduated scale as specified below on assessed valuation of real property located in the district and owned by persons sixty-five (65) years of age or over, or by a husband and wife, one of whom is 65 or over, whose income meets the statutory requirements set forth in Section 467 of the Real Property Tax Law of the State of New York in effect for the income tax year of application.
INCOME LEVEL EXEMPTION
Not more than $17, 500 50%
More than $17,500 but less than $18,500 45%
More than $18,500 but less than $19,500 40%
More than $19,500 but less than $20,500 35%
More than $20,500 but less than $21,400 30%
More than $21,400 but less than $22,300 25%
More than $22,300 but less than $23,200 20%
More than $23,200 but less than $24,100 15%
More than $24,100 but less than $24,999.99 10%
$25,000 or more 0%
Ref: Real Property Tax Law §467
Note: Policy added
Policy Adopted: March 12, 1997 Wayne Central School District
Back to top