Tax Exemptions

New York State has made available many property tax exemptions. The number of these exemptions has increased dramatically since the 1980's. Several property tax exemptions are subject to local option. This means that the local Town, County, and School Districts must adopt participation in that particular exemption. The most common exemptions available in the Town of Cortlandville include: Agricultural Land exemption, Agricultural Building exemptions, STAR, Senior Citizens exemptions, Veterans exemption, Exemption for persons with Disabilities and Limited Incomes, and Commercial/Industrial Business exemptions.

ENHANCED STAR - Is an exemption for those people over 65 years old with a two years prior adjusted gross incomes of under $98,700.   

DISABILITIES AND LIMITED INCOMES - Is an exemption for those people 64 years old and under with all income $22,200 on county taxes. A State Letter declaring disability is also require.

SENIOR CITIZENS OR AGED

The Senior Citizens or Aged exemption is for those individuals over 65 years old with certain limited incomes. The property must be the owner's primary residence. Income is based on yearly gross incomes including Social Security, wages, interest on savings, dividends, etc. The exemption is applied to Town, County and School taxes. A qualifying property owner can receive a Senior Citizens and STAR exemption. Maximum incomes allowed for a reduction in assessed value are:

VETERANS 

The Veterans exemption is for any Veteran. The exemption is applied to Town and County taxes. The Veterans exemption does no apply to school taxes. The exemption equals a maximum of $6,000 in assessed value. There is an additional exemption if the individual served in a designated combat zone. The additional exemption equals a maximum of $4,000 in assessed value. Lastly, there is an additional exemption if the individual suffered a service-connected disability. This additional exemption equals a maximum of $20,000 in assessed value.