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Board sets senior and disability property-tax income limit at $25,000
Summary
After a lengthy discussion about eligibility and tax shifts, the board voted to change the maximum income limit for the senior-citizen and disability property-tax exemption to $25,000; staff estimated a roughly 0.4% shift in taxes if the board had chosen a higher limit.
The Board voted to change the maximum income limit used to determine the school property-tax exemption for senior citizens and qualifying individuals with disabilities to $25,000, adopting the sliding-scale reduction under New York law.
District staff reviewed the statutory framework under New York Real Property Tax Law (sections referenced in the presentation) and presented options. The board discussed alternatives including returning the old $29,000 maximum…
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