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Local governments and school districts in New York State (NYS) can opt to grant a reduction on the amount of property taxes paid by qualifying senior citizens, a program which the Rondout Valley Central School District (RVCSD) proudly participates in. Details enclosed.
Local governments and school districts in New York State (NYS) can opt to grant a reduction on the amount of property taxes paid by qualifying senior citizens, a program which the Rondout Valley Central School District (RVCSD) proudly participates in. Across the State, this is accomplished by reducing the taxable assessment of the senior's home by as much as 50 percent.
At a RVCSD Board of Education Meeting (BOE) held on January 10, the Board approved the District’s desire to continue this partial exemption, at the income eligibility level currently authorized by NYS’s Section 467.
The BOE-approved partial exemption of taxation is based on the assessed valuation of real property owned by individuals who meet the requirements of Section 467 of the New York Real Property Tax Law. The income of the owner, or the combined income of the owners, of the property for the income tax year immediately preceding the date of application for exemption must meet the following:
- Annual income up to and including $24,000 for 50 percent of assessed valuation exempt from taxation
- Annual income at least $24,001 but less than $25,000 for 45 percent of assessed valuation exempt from taxation
- Annual income at least $25,000 but less than $26,000 for 40 percent of assessed valuation exempt from taxation
- Annual income at least $26,000 but less than $27,000 for 35 percent of assessed valuation exempt from taxation
- Annual income at $27,000 but less than $27,900 for 30 percent of assessed valuation exempt from taxation
- Annual income at least $27,900 but less than $28,800 for 25 percent of assessed valuation exempt from taxation
- Annual income at least $28,800 but less than $29,700 for 20 percent of assessed valuation exempt from taxation
- Annual income at least $29,700 but less than $30,600 for 15 percent of assessed valuation exempt from taxation
- Annual income at least $30,600 but less than $31,500 for 10 percent of assessed valuation exempt from taxation
- Annual income at least $31,500 but less than $32,400 for 5 percent of assessed valuation exempt from taxation
All prior resolutions of the BOE with respect to income eligibility levels for exemption are deemed amended effective January 10, 2023, and for subsequent years to conform to the income eligibility and percent of assessment exemption. The resolution applies to assessment rolls prepared for school tax purposes on the basis of taxable status dates occurring on or after September 26, 2000, and subsequent years. In addition, the exemption from taxation shall not be granted in the case of real property where a child resides if such child attends a public school of elementary or secondary education.
The deadline to apply is March 1, 2023. For more information, please contact your local assessor’s office:
Town of Marbletown
Mr. Jeremy Baracca, Appointed Assessor
1925 Lucas Avenue
Cottekill, NY 12419
Phone: (845) 687-7500 Ext: 173
Email: assessor@marbletown.net
Website: http://www.marbletown.net
Town of Rochester
Mr. Jeremy Baracca, Appointed Assessor
50 Scenic Rd.
Town Hall, Accord, NY 12404
Phone: (845) 626-0920
Fax: (845) 626-3702
Email: jbaracca@townofrochester.ny.gov
Website: http://www.townofrochester.net
Town of Rosendale
Mr. Jeremy Baracca, Appointed Assessor
1915 Lucas Avenue Ext
Assessors Office, Cottekill, NY 12419
Phone: (845) 687-7500
Fax: (845) 658-8744
Email: assessor@townofrosendale.com
Website: http://www.townofrosendale.com
Town of Wawarsing
Mrs. Renee Ozomek, Appointed Assessor
108 Canal St. - POB 671
Wawarsing Town Hall, Ellenville, NY 12428
Phone: (845) 647-7800
Fax: (845) 647-7389
Email: assessor@wawarsingny.gov
Website: http://www.townofwawarsing.net
One can also call the New York State Department of Taxation and Finance at 518-457-2036. Additional information, including how to sign up, is also available on the NYS Department of Taxation and Finance website, here: https://on.ny.gov/3hXF0Mo.