LOCAL LAW NO. C FOR 2023
A LOCAL LAW OF THE COUNTY OF ALBANY, NEW YORK AMENDING LOCAL LAW NO. 2 FOR 1975, AS AMENDED, THE ALBANY COUNTY SENIOR CITIZENS TAX EXEMPTION LAW
Introduced: 4/10/23
By McLaughlin, A. Joyce, Ward, Beston, Burgdorf, Chapman, Clay, Cleary, Collins, Commisso, Cunningham, Domalewicz, Drake, Efekoro, Ethier, Feeney, Grimm, Kuhn, Lekakis, Lockart, Mauriello, Mayo, McLean Lane, Miller, O'Brien, Perlee, Plotsky, Reidy, Reinhardt, Ricard, Rosano, Smith, Tunny and Willingham:
A Local Law amending Chapter 270 of the Code of the County of Albany to create an updated real property tax exemption for senior citizens pursuant to the New York State Real Property Tax Law.
BE IT ENACTED by the Legislature of the County of Albany as follows:
Section 1. Repealing prior local law.
This Local Law hereby amends the following sections of Article II: Senior Citizens Exemption as it is currently written: ?270-18 to ?270-27
Section 2. ? 270-18 Title.
This article shall be known as the "Albany County Senior Citizen Tax Exemption Law."
Section 3. ? 270-19 Exemption amount.
Beginning July 1, 2023, Persons sixty-five years of age or over. Pursuant to ?467 of the Real Property Tax Law of the State of New York, there shall be an exemption from taxation for general county purposes on real property owned by one (1) or more persons, each of whom is sixty-five (65) years of age or over, or real property owned by a married couple [spouses] or by siblings, one (1) of whom is sixty-five (65) years of age or over, to the extent of the percentage of assessed valuation provided in the following schedule, determined by the maximum income eligibility level also provided in the following schedule:
PERCENTAGE OF ASSESSED VALUATION EXEMPT
ANNUAL INCOME FROM TAXATION
$50,000 or less 50
More than $50,000 but less than $51,000 45
$51,000 or more but less than $52,000 40
$52,000 or more but less than $53,000 35
$53,000 or more but less than $53,900 30
$53,900 or more but less than $54,8...
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