North East talks tax exemptions

NORTH EAST —  A timely topic came up for discussion at last Thursday’s Town Board workshop meeting: tax exemptions. The board plans a March public hearing on the subject. Schedules of property tax exemptions may be picked up at Town Hall.

Town Supervisor Dave Sherman informed the board that he sent exemption information to Attorney to the Town Warren Replansky the last week.

Assessor Katherine Johnson was on hand last month to remind residents of the various exemptions for which they may qualify. Those exemptions include: solar wind power, senior citizens, alternate veterans (those discharged for medical reasons) and Cold War veterans, which is new this year. The exemptions vary and some exemptions need to be renewed annually.

The establishment for alternate veterans was done by local law, according to Sherman. Cold War veteran exemptions were not.

“This we had a public hearing on two years ago and adopted by resolution,� he said. “So there was no local law. I think we may need to have a local law.�

The supervisor also distributed the proposed senior citizen property tax exemption schedule for 2009 at last week’s meeting. It listed the following information:

• Those with an annual income of $28,000 or less are eligible for a 50 percent exemption of their assessed property value.

• Those with an income of more than $28,000 but less than $29,000 are eligible for a 45 percent exemption.

• Those with an income of $29,000 or more but less than $30,000 are eligible for a 40 percent exemption.

• Those with an income of $30,000 or more but less than $31,000 are eligible for a 35 percent exemption.

• Those with an income of $31,000 but less than $31,900 are eligible for a 30 percent exemption.

• Those with an income of $31,900 or more but less than $32,800 are eligible for a 25 percent exemption.

• Those with an income of $32,800 or more but less than $33,700 are eligible for a 20 percent exemption.

• Those with an income or $33,700 or more but less than $34,600 are eligible for a 15 percent exemption.

• Those with an income of $34,600 or more but less that $35,500 are eligible for a 10 percent exemption.

• Those with an income of $35,500 or more but less than $36,400 are eligible for an 5 percent exemption.

• Those with an income of $36,400 or more are not eligible for any exemptions.

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