Local Option Senior Citizen Homestead Exemption


New York



Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type



Local governments and school districts have the option of providing an exemption of taxable value of residential property to senior citizens. For the 50% exemption, the law allows each county, city, town, village, or school district to set the maximum income limit at any figure between $3,000 and $29,000. Localities have the further option of giving exemptions of less than 50% to seniors whose incomes are more than $29,000. Under this option, called the sliding-scale option, such owner can have a yearly income less than $37,399.99 and get a 5% exemption in places that are using the maximum limit.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type


Characteristics of Eligible Property

Only residential property is eligible for this program.

Eligibility Criteria



Income Ceiling

Surviving Spouse

Other Criteria

Description of Eligibility Criteria

The applicant or a husband, wife or sibling must be at least 65 years of age or over and have an income below the amount set by the applicant's locality. This amount can range from $3,000 to $29,000 of annual income reported on the basis of the preceding income tax year. In addition, applicants must own the property for a minimum of 12 consecutive months prior to application for exemption. Surviving spouses are eligible so long as they are 62 years of age or older.

Local Option in Adoption of Program

Local government must take action to opt in

Local Option Regarding Program Features

Local option regarding program features

State Funding for Local Tax Loss

Local government covers all of its tax loss

Description of State Funding for Tax Loss

State statutes does not provide for state funding for local tax loss.

Record ID



In a city with a population of one million or more , New York City incomes cannot exceed $50,000, in accordance with 2017 NY Law Ch. 131 § 1. Non-taxable gain as a result of an annuity exchange for an annuity contract shall be excluded from the combined income, as determined in the section 1035 of the Internal Revenue Code. This exemption applies to two contiguous units that have been combined into one.


N.Y. R.P.T. Law § 467 (in effect for 2019)
New York Department of Taxation and Finance - Office of Real Property Tax Services, Instructions for Form RP-467 Application for Partial Tax Exemption for Real Property of Senior Citizens, (2018)
[https://www.tax.ny.gov/pit/property/exemption/seniorexempt.htm accessed 07/17/18]
View Archived Source

New York Department of Taxation and Finance - Office of Real Property Tax Services, Senior Citizens' Exemption Question And Answers - Partial Exemption from Property Taxes in New York State, (2017)
[https://www.tax.ny.gov/pdf/publications/orpts/senior.pdf accessed 07/17/2018]
View Archived Source ]

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