10/24/2024 Senior Income Level Report now available

Log into the Online Assessment Community to access Report #9

Report #9 lists properties whose owners may be eligible for the senior citizens (467) exemption. To be listed on the report, the owners would typically:

• meet the age requirements for the 2025 Enhanced STAR benefit, and
• have a reported federal adjusted gross income (FAGI) below $58,400 on their 2023 income tax return(s).

The report is for your information; you are not required to take action based on the report.

As you know, eligibility for the senior citizens exemption is not entirely based on FAGI. However, this report may be helpful to assessors who wish to reach out to lower-income seniors and advise them of the availability of the senior citizens exemption. (The statutory maximum income for the sliding scale senior citizens exemption is currently $58,399.99).

The report is not intended to include all properties with incomes under $58,400. For instance, if we are unable to determine the income for a particular property, it would not be listed on the report.

Note: For mobile home and co-op properties that are not separately assessed, the Received 467 on recent roll field will be blank.