1 minute read
At the top. And around the corner.
Percentage of Assessed Valuation Exempt From Taxation
of things,” said Councilwoman Inzerillo, who serves as the town board’s liaison to the tax acessor’s office. “While unfunded mandates are making things increasingly difficult to accomplish each year and during this recession… we realize that there are many seniors who really need this help.”
Advertisement
Inzerillo mentioned that the Smithtown Senior Center has a “myriad of other benefits and services” for those interested.
Senior residents, over the age of 65, making an annual income of no more than $58,400
(beginning as of July 1, 2022) are eligible to apply for the partial tax exemption. Thereafter, at the percentage of assessed valuation thereof as determined by the above schedule, with the amount for each year represented as (M), pursuant to the provisions of § 467 of the Real Property Tax Law.
(M) equals $50,000.
Once granted, the property tax partial exemption cannot be rescinded solely due to the death of the older spouse, provided that the surviving spouse is at least 62 years of age.
The exemption is only for the town of smithtown and highway department segments of the property tax levy, which account for 6% and 3.8%, respectively, of the average tax bill. Roughly 68% of the average property tax levy comes from the school district, with the remainder coming from Fire/Water Districts, Suffolk County and District Court, Suffolk County Police, and Library Districts.
Long Island, the #1 hospital in New York is closer than you think. So why compromise?
“The money removed from the budget to give this relief to seniors was insignificant in the grand scheme
For a list of tax exemptions and eligibility criteria visit the Town of Smithtown’s Assessor’s Department online at https:// www.smithtownny.gov/103/AssessorsOffice or call 631-360-7560
NYU Langone Health is right here in Suffolk and growing throughout Long Island. We’re bringing top-quality care across specialties to places like Patchogue, Huntington, Greenport, and Riverhead.
