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Also attached to this agenda item: Resolution 132-2025 LL Intro 8 of 2025 PH Resolution 169-2025 LL Intro 8 Adoption

LOCAL LAW INTRODUCTORY NO. 8 OF 2025 A LOCAL LAW TO UPDATE CHAPTER 204, TAXATION, OF THE CODE OF THE VILLAGE OF CROTON-ON-HUDSON TO REFLECT THE CHANGE IN ASSESSMENT STATUS Be it enacted by the Board of Trustees of the Village of Croton-on-Hudson as follows: Section One. Section 204-16 of the Code of the Village of Croton-on-Hudson is hereby amended to read as follows: § 204-16. Income eligibility. In order to be eligible to apply for a partial exemption in the amount of 50% of the assessed valuation, the income of the owner or the combined income of the owners must not exceed $58,400 from all sources as set forth in such § 467, as amended, for the second-latest calendar year prior to the date that the application is filed. Where title is vested in one spouse, the combined income may not exceed such sum. Any such income shall be offset by all medical and prescription drug expenses actually paid which were not reimbursed or paid for by insurance and shall include IRA distributions. No exemption shall be granted if the property applied for is part of a cooperative apartment corporation. Section Two. Section 204-16.1 of the Code of the Village of Croton-on-Hudson is hereby added as follows: § 204-16.1. Percent of exemption allowed. For assessment rolls prepared on the basis of a taxable status date occurring on or after May 1, 2026, the exemption shall be as follows: Annual Income Percentage of Assessed Value Exempt from Taxation $0 to $50,000.99 50% $50,001 to $50,999.99 45% $51,000 to $51,999.99 40% $52,000 to $52,999.99 35% $53,000 to $53,899.99 30% $53,900 to $54,799.99 25% $54,800 to $55,699.99 20% $55,700 to $56,599.99 15% $56,600 to $57,499.99 10% $57,500 to $58,399.99 5% Section Three. Section 204-17(B) of the Code of the Village of Croton-on-Hudson is hereby amended to read as follows: Pursuant to the provisions of Subdivision 8 of § 467 of the Real Property Tax Law, the Assessor responsible for preparing the assessment roll for the Village of Croton-on-Hudson is hereby authorized to accept applications for renewal of exemptions granted under this article after the taxable status date. In the event that the owner or all of the owners of property which has received an exemption pursuant to this article on the preceding assessment roll shall fail to file an application for renewal on or before the taxable status date, such owner or owners may file the application, executed as if such application had been filed on or before the taxable status date, with the Assessor on or before the date set for the hearing of complaints. Section Four. Section 204-25 of the Code of the Village of Croton-on-Hudson is hereby amended to read as follows: § 204-25. Percent of exemption allowed. For assessment rolls prepared on the basis of a taxable status date occurring on or after May 1, 2026, the exemption shall be as follows: Annual Income Percentage of Assessed Value Exempt from Taxation $0 to $50,000.99 50% $50,001 to $50,999.99 45% $51,000 to $51,999.99 40% $52,000 to $52,999.99 35% $53,000 to $53,899.99 30% $53,900 to $54,799.99 25% $54,800 to $55,699.99 20% $55,700 to $56,599.99 15% $56,600 to $57,499.99 10% $57,500 to $58,399.99 5% Section Five. Section 204-26 of the Code of the Village of Croton-on-Hudson is hereby amended to read as follows: § 204-26. Application for exemption; late renewal. A. The application for exemption in accordance with the above shall be governed by the provisions of § 459-c of the Real Property Tax Law, including those statutory provisions prescribing qualifications for and limitations on such exemptions, the application and processing procedures and the penalties for willful false statements. B. Pursuant to the provisions of § 459-c of the Real Property Tax Law, the Assessor responsible for preparing the assessment roll for the Village of Croton-on-Hudson is hereby authorized to accept applications for renewal of exemptions granted under this article after the taxable status date. In the event that the owner or all of the owners of property, which has received an exemption pursuant to this article on the preceding assessment roll, shall fail to file an application for renewal on or before the taxable status date, such owner or owners may file the application, executed as if such application had been filed on or before the taxable status date, with the Assessor on or before the date set for the hearing of complaints. C. For purposes of income calculation, the Village opts in to include IRA distributions (if any) and opts to exclude unreimbursed medical expenses. No exemption shall be granted if the property applied for is part of a cooperative apartment corporation. Section Six. Section 204-51 of the Code of the Village of Croton-on-Hudson is hereby amended to read as follows: § 204-51. Application for exemption. Such exemption shall be granted only upon application by the owner of such building on a form prescribed by the Commissioner of Taxation and Finance. The application shall be filed with the Assessor responsible for preparing the assessment roll for the Village of Croton-on- Hudson on or before the taxable status date of May 1 to be eligible for an exemption to be entered on the assessment roll prepared on the basis of said taxable status date. Section Seven. Section 204-54 of the Code of the Village of Croton-on-Hudson is hereby amended to read as follows: § 204-54. Application for exemption. Such exemption from taxation shall be granted upon an application made annually, upon a form to be promulgated by the commissioner of taxation and finance, by the owner of such property to the Assessor responsible for preparing the assessment roll for the Village of Croton-on-Hudson on or before the taxable status date of May 1. If the Assessor is satisfied that the property is entitled to an exemption pursuant to this article, they shall approve the application and such residential improvements shall be exempt from taxation and special ad velorem levies as set forth herein and in Real Property Tax Laws § 469. Section Eight. Section 204-62 of the Code of the Village of Croton-on-Hudson is hereby amended to read as follows: § 204-62. Application for exemption. Such first-time homebuyer exemption shall be granted only upon application by the owner of such primary residential property on a form prescribed by the Commissioner of Taxation and Finance. The application shall be filed with the Assessor responsible for preparing the assessment roll for the Village of Croton-on-Hudson on or before the taxable status date of May 1 to be eligible for an exemption to be entered on the assessment roll prepared on the basis of said taxable status date. Section Nine. Section 204-67 of the Code of the Village of Croton-on-Hudson is hereby amended to read as follows: § 204-67. Application for exemption. Such exemption shall be granted only upon application by the owner or all the owners of such building on a form prescribed by the State Board of Real Property Services. The application shall be filed with the Assessor responsible for preparing the assessment roll for the Village of Croton-on-Hudson on or before the taxable status date of May 1 to be eligible for an exemption to be entered on the assessment roll prepared on the basis of said taxable status date. Section Ten. Section 204-69(B) of the Code of the Village of Croton-on-Hudson is hereby amended to read as follows: B. Such exemption shall be granted only upon application by the owner or all the owners of the real property on a form prescribed and made available by the Commissioner of Taxation and Finance. The application shall be filed together with the appropriate certified statement of physical disability or certificate of blindness and police report, crime victim's board report or other substantiating documentation set forth in Subsection A above with the Assessor responsible for preparing the assessment roll for the Village of Croton-on- Hudson on or before the taxable status date of May 1 to be eligible for an exemption to be entered on the assessment roll prepared on the basis of said taxable status date. If granted, the exemption shall continue until the improvement ceases to be necessary to facilitate and accommodate the use and accessibility of the property by the resident crime victim or good samaritan who is physically disabled. Section Eleven. Section 204-74 of the Code of the Village of Croton-on-Hudson is hereby amended to read as follows: § 204-74. Application for exemption. Application for an exemption pursuant to this article shall be made to the Assessor responsible for preparing the assessment roll for the Village of Croton-on-Hudson on or before the taxable status date of May 1 to be eligible for an exemption to be entered on the assessment roll prepared on the basis of said taxable status date. Any such application shall include documentation from a LEED- accredited professional certifying that the improvements meet green building standards for the categories of certified silver, gold or platinum. Section Twelve. Severability. If any section, subsection, clause, phrase or other portion of this Local Law is, for any reason, declared invalid, in whole or in part, by any court, agency, commission, legislative body or other authority of competent jurisdiction, such portion shall be deemed a separate, distinct and independent portion. Such declaration shall not affect the validity of the remaining portions thereof, which other portions shall continue in full effect. Section Thirteen. Effective Date. This local law shall take effect immediately upon filing in the office of the New York State Secretary of State in accordance with Section 27 of the Municipal Home Rule Law.