Local Law No. 1 of the Year 1995
A local law "Senior Citizens Tax Exemption"
Be it enacted by the Board of Councilmen of the Town of Candor as follows:
Section 1. Pursuant to Section 467 subdivisions (a)
and (b), et seq., of the Real Property Tax Law of the State of
New York as amended, persons who are owners of property subject
to taxation by the Town of Candor qualify for an exemption under
the terms of such statute and/or any Rules and Regulations of the
State Board of Equalization and Assessment and/or by any Rules
and Regulations of any local Assessment Authorities for the ,
various tax districts located within the Town of Candor, shall be
partially exempt from taxation by the Town in accordance with the.
following schedule as it applies to such persons and their annual
income as determined by such assessing units:
| ANNUAL INCOME |
PERCENT ASSESSED VALUATION EXEMPT ANNUAL INCOME FROM TAXATION |
| $0 - $10,000.00 |
50 Per Cent |
| $10,001.00 to $11,000.00 |
45 Per Cent |
| $11,001.00 to $12,000.00 |
40 Per Cent |
| $12,001.00 to $13,000.00 |
35 Per Cent |
| $13,001.00 to $13,900.00 |
30 Per Cent |
| $13,901.00 to $14,800.00 |
25 Per Cent |
| $14,801.00 to $15,700.00 |
20 Per Cent |
| $15,701. 00 or more |
0 Per Cent |
Section 2. Such revised schedule of assessment
exemption shall be effective for any taxes levied and collected
after March 1, 1995, and subsequent to that date shall supersede
any prior exemption granted by the Town pursuant to such statute.
Section 3. The Clerk of the Town of Candor is directed
to provide a certified copy of this local law to each of the
Assessors and any other authority responsible for the compilation
of the Assessment Roll and/or collection of taxes for each
property subject to taxation by the Town of Candor.
Section 4. This local law shall be effective on
March 1, 1995. Any previous local law of the Town of Candor
concerning such exemptions as granted herein is hereby repealed
as of March 1, 1995.
