Local Law #1-2023

​TAXATION
110 Attachment 4
 
Town of Greenport
Real Estate Tax Exemptions Commencing January 1, 2023
 

1. Exemption for senior citizens.

Pursuant to Real Property Tax Law 467 (b)(1) the following exemption levels apply. For years 2023, 2024, and 2025 (and beyond), the maximum allowable exemption is:
 
2023:
 
Exemption
Income

50%
Up to $40,000

45%
$40,000.01- $40,999.99

40%
$41,000.00 - $41,999.99

35%
$42,000.00 - $42,999.99

30%
$43,000.00 - $43,899.99

25%
$43,900.00 - $44,799.99

20%
$44,800.00 - $45,699.99

15%
$45,700.00 - $46,599.99

10%
$46,600.00 - $47,499.99

5%
$47,500.00 - $48,399.99

 
2024:
 
Exemption
Income

50%
Up to $45,000

45%
$45,000.01- $45,999.99

40%
$46,000.00 - $46,999.99

35%
$47,000.00 - $47,999.99

30%
$48,000.00 - $48,899.99

25%
$48,900.00 - $49,799.99

20%
$49,800.00 - $50,699.99

15%
$50,700.00 - $51,599.99

10%
$51,600.00 - $52,499.99

5%
$52,500.00 - $53,399.99