Tax Exemptions for Residents-Deadline by March 1

Residents who are age 65 and/or who are disabled may be eligible for a partial exemption on their school property taxes if they meet certain qualifications.

At the regular meeting on January 20, 2021, the Board of Education reviewed the maximum income eligibility ranges for exemptions that have been approved by New York State. Exemptions ranging from 5% to 50% of qualified applicants assessments are available on income levels of $37,400 or less.

Also available to District residents is a tax exemption for volunteer firefighters and ambulance workers, approved by the Board of Education on January 20, 2021. To qualify for this exemption, applicants must reside in the District served by the fire department or ambulance service, the property must be the primary residence of the member, and only the residential portion of the property may receive the exemption. The exemption is equal to 10% of the property’s assessed value, not to exceed a $3,000 assessment reduction.

Finally, on January 20, 2021, the Board of Education approved the continuation of the tax exemption for Veterans.