Indian Lake Members of the Indian Lake Town Board Monday, Jan. 14 unanimously passed a law providing a partial tax exemption of real property taxes for residents who have limited income and are 65 and older.
The decision was made at the town’s regular board meeting and after a public hearing, during which there were no public comments.
This new law rescinds the provisions of Local Law No. 4 of 2004 and recognizes the economic changes that have taken place since that time.
Depending on income levels, the partial exemptions range from 5 to 50 percent, with the smallest exemption at the income range of $27,500.00 to $28,399.99, and the largest exemption being afforded to those with incomes in the range of $19,999.99 or less.
To qualify, residents must apply prior to March 1, 2013 and all ownership, use and application provisions of Section 467 of the Real Property Tax Law must be met. Owner income shall be income as identified by Section 467.3(a) of the Real Property tax law and shall be the total income of the owner, or the combined income of all the owners for the income tax year. In the event that no income tax return has yet been filed for the tax year, the filing for the calendar year immediately preceding the date of making application will be used.
•For the first time since 2002, board members approved a modest increase in the building permit fee. Councilwoman Locke abstained from the vote.
•Board members recognized the retirement, as of Dec. 10, 2012 of Water/Sewer Department Superintendent Dean Moulton, and Supervisor Brian Wells presented him with a certificate of recognition for his 38 years of service to the town.
•Board members also approved a resolution providing an easement on the Nature Conservancy lands, formerly the Outer Gooley Club, giving the town the right to go in and maintain the roads on the land. Wells announced that on Feb. 7 at 6 p.m. a representative from DEC will be at the Town Hall to explain their thoughts surrounding this property. The public is invited to attend.