2008/2009 Assessment Roll
Assessment Exemptions for Low-Income Seniors
Partial assessment exemptions apply to homes wherein one or more of the owners is 65 years of age or older and where the total household income does not exceed $35,399.99. Applications which require documentation of age and income must be filed prior to March 1 in order to be effective for the next school billing in September and the next Town and County billing the following January. The maximum exemption is 50% for those who qualify and whose income is less than $27,000. Exemptions are scaled down in increments of 5% in accord with the following schedule:
Annual Income % of Assessed Value Exempt
Less than $27,000 50%
More than 27,001 but less than $27,999.99 45%
More than 28,000 but less than $28,999.99 40%
More than 29,000 but less than $29,999.99 35%
More than 30,000 but less than $30,899.99 30%
More than 30,900 but less than $31,799.99 25%
More than 31,800 but less than $32,699.99 20%
More than 32,700 but less than $33,599.99 15%
More than 33,600 but less than $34,499.99 10%
More than 34,500 but less than $35,399.99 5%
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