Onteora Central School District authorizes a series of property tax exemptions
The Onteora Central School District Board of Education has authorized a series of tax exemptions to assist eligible senior citizens, low-income disabled individuals and those who volunteer as firefighters or ambulance workers.
At its January 24 meeting, the board approved the exemptions for district residents age 65 or older and low-income individuals with a documented disability. These taxpayers now may qualify for a reduction in their school property tax assessment, effective with the 2023-24 school year. As permitted by the NYS Department of Taxation and Finance, the district will grant a 50% reduction in school property taxes for qualifying individuals with incomes under $35,000. Additionally, these eligible property owners with incomes at or over $35,001 but under $44,000 may also qualify for reductions at the following rates:
• 20% exemption for incomes at or over $39,800 and under $40,700
• 10% exemption for incomes at or over $41,600 and under $42,500
• 5% exemption for incomes at or over $42,500 and under $44,000
The senior citizen exemption is separate from and in addition to the Enhanced STAR program.
