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The original item was published from 8/9/2022 8:46:58 AM to 9/11/2022 12:00:00 AM.

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News & Town Board Reports (gblist)

Posted on: August 9, 2022

[ARCHIVED] Good news- Governor signs law to increase tax breaks for seniors

Greenburgh has been pushing for this legislation for many years--first time in over 15 years that maximum allowable income for senior tax exemptions has been increased

Governor Kathy Hochul signed legislation yesterday that the town of Greenburgh lobbied for for many years. The new law will allow  allow local governments to increase the maximum allowable income eligible for a property tax exemption to $50,000 for people who are 65 and older as well as people with disabilities. The measure will increase the current limit set at $29,000 a year for older New Yorkers who live outside of New York City. 

The Greenburgh Town Board, Assessor Edye McCarthy and I have been pushing for this new law for a number of years. We felt that it was unfair for NYC seniors to get better tax breaks than seniors of Greenburgh. Below, please find a summary of the reasons we pushed so hard to get this legislation approved (dated Feb 7,2022). Am grateful to State Assemblyman Tom Abinanti who also worked very hard to get this legislation approved over many years and to Senator Andrea Stewart Cousins for her advocacy.  This new law will enable more seniors to continue to live in Greenburgh.

It's our intention to approve this benefit for seniors. 

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