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General Town News

Posted on: January 12, 2023

Low Income Senior Citizens

Senior Low Income

LOW INCOME SENIOR CITIZENS MAY BE ELIGIBLE FOR 2ND EXEMPTION ON OWNER OCCUPIED PRIMARY RESIDENCE

This exemption is in addition to the Senior Enhanced STAR exemption.

To be eligible for the Low-Income Senior Citizens (467 Aged) Exemption you must:

  • Be 65 years of age or older by 12/31/23;
  • Total gross income of all owners (and spouses) must be:
  • Below $32,400 for residents in the Saratoga Springs School District;
  • Below $37,400 for residents in the Shenendehowa School District;
  • Below $32,400 in the Ballston Spa School District (this amount is set to be increased.  Please call us after 2/8/23 when we know the maximum);
  • Below $35,700 for County purposes;
  • Below $26,900 for Town purposes.
  • Submit Application Forms RP-467 and RP-425IVP to the Assessor’s Office by March 1, 2023 together with proof of age, and 2021 Federal Income Tax Return.  Links to the forms are provided here:

RP-467 Application: https://www.tax.ny.gov/pdf/current_forms/orpts/rp467_fill_in.pdf

RP-467 Instructions: https://www.tax.ny.gov/pdf/current_forms/orpts/rp467i.pdf

RP-425-IVP: https://www.tax.ny.gov/pdf/current_forms/orpts/rp425ivp_fill_in.pdf

 

Email questions or request application from Krista Smith, at ksmith@malta-town.org or call our office at (518) 899-2584.

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