Series: Series6000     Sub Series: 6200 REVENUE     Policy Number: 6215
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SENIOR CITIZENS' EXEMPTION


The Board of Education grants an exemption from taxation to the extent of fifty percent (50%) of assessed valuation of real property located in the district and owned by persons 65 years of age or over, or by a husband and wife, one of whom is 65 or over, whose income meets the maximum income eligibility limits for the partial real property exemption, as outlined in the sliding scale adopted by the Board of Education.

Exemption from taxation for school purposes shall not be granted in the case of real property where a child resides, if such child attends a public school of elementary or secondary education. Such exemptions shall be removed if a senior citizen rents his/her property to parents of school age children.



District Reference:
,

General Reference:

Real Property Tax Law §467 


Adoption Date:
2002-07-08

Last Revised: