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LL #01-1972TOWN OF WPPINGER DUTCHE'SS COUNTY, NEW YORK LOCAL LAW NO. 1, YEAR 1972 A LOCAL LAW TO AMEND LOCAL LAW NO.1, 1967, INCREASES COMBINED MINIMUM INCOME OF PROPERTY OWNERS TO $6,000 FOR OWNERS 65 YEARS OF AGE OR OLDER. BE IT ENACTED by the Town Board of the Town of Wappinger, Dutchess County, New York, as follows: SECTION 1. Section 2 of Local Law #1 of 1967 is hereby amended to read as follows: SECTION 2. Real property owned by one or more persons, each of whom is sixty-five (65) years of age or over, or real property owned by husband or wife, one of whom is sixty-five (65) years of age or over, shall be exempt from town taxes to tie extent of fifty (50%) percentum of the assessed valuation thereof, subject to the following conditions: (a) The owner or all of the owners of such real property must file an application annually in the assessors' office at least ninety (90) days before the date for filing the final assessment roll or such other time or date as may be hereafter fixed by law. (b) The income of the owner or the combined income of the owners of the property shall not and may not exceed the sum of six thousand ($6,000.00) dollars for the income tax year immediately preceding the date of making the application for exemption. The �4r income tax year shall mean the twelve months period for which the owner or owners file a federal personal income tax return, or if no such return is filed, the calendar year. Where title is vested in either the husband or the wife, their combined income may not exceed such income. Such income shall include social security and retirement benefits, interest, dividends, net rental income, Such income shall include social security and retirement benefits, interest, dividends, net rental income, salary or earnings, and net income from self employment, but shall not include gifts or inheritances. (c) The title to such real property shall have been vested in the owner or all of such real property for at least sixty (60) consecutive months prior to the date of making application for exemption. (d) The real property shall be used exclusively for residential purposes. (e) The real property shall be the legal residence of and shall be occupied in whole or in part by the owner or by all of the owners of the same. (f) Applications for such exemption shall be made by the owner, or all of the owners, of the property, upon forms prescribed by the state board to be furnished by the assessing authority, and applicants shall furnish such information and shall execute the application in the manner prescribed in such forms. SECTION 2. This Local Law shall take effect immediately upon adoption.