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Rye Brook schedules hearing to expand senior tax exemption to match neighboring districts
Summary
The board scheduled a public hearing for April 28 on proposed changes to the senior citizens tax exemption that would raise the income threshold (the proposal cited $58,400) to align with other local taxing jurisdictions; officials said the change would affect roughly 0.31% of the tax roll and must be adopted by May 1 to take effect this year.
The Rye Brook Board of Trustees set a public hearing for April 28 on a proposed local law to amend Chapter 228 and expand eligibility for the senior citizen property-tax exemption.
Village staff said the proposal would align Rye Brook's income thresholds with those of other taxing jurisdictions (the presentation cited a proposed upper income limit of about $58,400). Officials explained the village last updated the local law many years ago and that updating thresholds would widen eligibility for seniors at modest fiscal cost: staff estimated the change would represent roughly 0.31% of the village’s taxable roll.
Staff also noted the proposal includes guidance to ensure retirement-account distributions (IRAs, pensions) are captured as income for eligibility calculations, consistent with practices in some other jurisdictions. The village assessor will administer applications and check income annually under current practice, staff said.
The board emphasized this vote only sets a hearing and that adoption must occur before May 1 to apply for the current tax year. Residents were invited to inspect the backup materials and attend the hearing to comment.
