NOTICE OF ADOPTION OF ORDINANCE|
PLEASE TAKE NOTICE that the Town Board of the Town of Hancock, Delaware County, New York,
after holding a public hearing at the Municipal Building in the Village of Hancock, New York,
on the 4th day of April, l973, at 7:30 o'clock, P.M. (EST) and hearing all interested persons
did enact an ordinance to provide for a partial tax exemption of real property owned by certain
persons with limited income who are 65 years of age or over, and which ordinance also repealed
an existing ordinance adopted by the Town Board of the Town of Hancock on December 7, l966, as
AN ORDINANCE TO PROVIDE FOR A PARTIAL TAX EXEMPTION ON REAL PROPERTY OWNED BY CERTAIN
PERSONS WITH LIMITED INCOME WHO ARE 65 YEARS OF AGE OR OVER, AND WHICH ORDINANCE WILL REPEAL
AN ORDINANCE ADOPTED BY THE TOWN BOARD OF THE TOWN OF HANCOCK ON DECEMBER 7, l966.
BE IT ENACTED by the Town Board of the Town of Hancock as follows:
Section l. The purpose of this Ordinance is to grant a partial exemption from taxation to
the extent of fifty per centum (50%) of the assessed valuation of real property which is owned
by certain persons with limited income who are 65 years of age or over meeting the requirements
set forth in Section 467 of the Real Property Tax Law.
Section 2. Real property owned by persons 65 years of age or over shall be exempt from
town taxes to the extent of fifty percentum (50%) of the assessed valuation subject to the
(a) The owner or all of the owners must file an application annually in the assessor's
office on or before taxable status date.
(b) The income of the owner or the combined income of the owners must not exceed
$4,500.00 for the twelve consecutive months prior to the date the application is filed.
(c) Title to the property must be vested in the owner, or if more than one, in all
of the owners for at least sixty consecutive months prior to the date the application is
filed, and, the sixty months period shall be computed as set forth in Section 467 of the
Real Property Tax Law.
(d) the property must be used exclusively for residential purposes, be occupied in whole
or in part by the owners, and constitute the legal residence of the owners.
Section 3. The Ordinance adopted by the Town Board of the Town of Hancock on December 7,
l966 entitled, "An ordinance to grant a partial exemption from real property taxation for real
property owned by certain persons with limited income who are 65 years or age or over," is
Section 4. This Ordinance shall take effect l0 days after the publication and posting of
the Ordinance as required by Section 133 of the Town Law.
Dated: April 4, l973
TOWN BOARD OF THE TOWN OF HANCOCK
Florence A. Whiting, Town Clerk