The Oneida Daily Dispatch (Oneida, NY)

Picente raises property tax exemption limit

- By The Dispatch Staff newsroom@oneidadisp­

The Oneida County Board of Legislator­s approved an $11,000 increase to Oneida County’s 50% property tax exemption income limit for seniors and individual­s with disabiliti­es last week. The raise had been proposed by County Executive Anthony J. Picente Jr. and it was unanimousl­y approved by the board on Jan. 11.

“Our most vulnerable population­s are suffering,” Picente said. “With the cost of everything continuing to rise, seniors and individual­s with disabiliti­es with limited income are struggling on a daily basis. This provides relief to more residents by increasing the income limit to qualify for the county’s fifty percent property tax exemption.”

Based on the historical rate of inflation, and comparativ­e median income data, the maximum income level to qualify for the 50% exemption of assessed property value has now been raised from $18,500 to $29,500 for those 65 years old and up and individual­s with disabiliti­es. To receive the adjusted tax exemption, a property must be owned by one or more people meeting the qualifying standards and be used exclusivel­y for residentia­l purposes.

It will provide eligible applicants an opportunit­y to apply for the enhanced property tax exemption before the taxable status date within their respective municipali­ty in 2023 and would be applied to the county tax in 2024.

The exemption works on a sliding scale and allows for a partial exemption less than 50% for incomes under $37,900. Oneida County advises that lowincome homeowners 65 years old and up, and low-income homeowners with disabiliti­es check with their local assessor prior to taxable status date as they need to apply locally for such exemptions.

 ?? PHOTO PROVIDED BY ONEIDA COUNTY ?? Oneida County Executive Anthony Picente.
PHOTO PROVIDED BY ONEIDA COUNTY Oneida County Executive Anthony Picente.

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