The Senior Citizen’s Exemption - RPTL 467

For a property owner(s) minimum age 65 by year end 2017 and whose gross income from all sources on the 2016 tax return (yes, the 2016 tax return) is less than $37,399.99, may be eligible for benefits on a sliding scale basis under this program for the 2017 assessment roll, applicable to taxes levied in 2018. Unfortunately, the calculation of income does not allow for the deduction of medical expenses from gross income.

Proof of income along with the submission of an application must be received by the May 1 filing deadline. It is very important to note here that this exemption must be renewed each year.