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Rye Brook to hold hearing on proposed changes to senior citizen tax exemption
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Summary
The board set a public hearing for April 28 to consider raising the senior citizen income limit to align with neighboring taxing jurisdictions (proposal would raise the qualifying income threshold toward $58,400); staff said estimated fiscal impact to the village tax roll is under 0.31%.
The Village of Rye Brook on April 14 scheduled a public hearing for April 28 to consider proposed amendments to Chapter 228 of the village code governing senior citizen tax exemptions.
Village staff described the proposal as an update to income thresholds to match other taxing jurisdictions. Under the draft change the village's income limit would be raised in line with neighboring taxing authorities (a figure cited in the discussion was approximately $58,400) and the exemption would apply on a sliding percentage basis depending on income. Administration said current village provisions have not been updated for several years and that the estimated impact on the village tax roll would be small (staff cited about 0.31% of the tax roll in one analysis).
Bradbury said applications are processed by the town assessor using standard forms and noted that changes would need to be adopted before May 1 to take effect for the coming tax year. Trustees set the public hearing and asked staff to post backup materials and a sample application so residents can assess eligibility.
