SCRIE and DRIE Income Limits

LOCAL LAW INTRODUCTORY NO. 11 OF 2026 A LOCAL LAW TO AMEND CHAPTER 204, TAXATION, OF THE CODE OF THE VILLAGE OF CROTON-ON-HUDSON TO UPDATE THE LIMITS FOR THE SENIOR CITIZEN RENTAL INCOME EXEMPTION AND DISABLED PERSONS RENTAL INCOME EXEMPTION. Be it enacted by the Board of Trustees of the Village of Croton-on-Hudson as follows: Section One. Section 204-30, Statutory provisions adopted; application of provisions, of the Code of the Village of Croton-on-Hudson is amended to read as follows: § 204-30. Statutory provisions adopted; application of provisions. A. The Village of Croton-on-Hudson hereby adopts the provisions of § 467-b, as amended, of the Real Property Tax Law of the State of New York. Hereinafter, there shall be provided a tax abatement in rent-regulated apartments where the combined income of members of the household containing senior citizens (62 years of age or older) or disabled persons does not exceed $50,000 $75,000, and provided that, pursuant to § 467-b of the Real Property Tax Law of the State of New York, the benefits of such abatement are passed on to such senior citizens or disabled persons. B. Notwithstanding the foregoing in Subsection A, in the event the maximum allowable incomes established under Real Property Tax Law § 467-b for dwelling units where the head of the household is a person 62 years of age or older or a qualified disabled person is increased or reduced, by operation of law or by action of the State Legislature, to an amount more or less than $50,000 $75,000, the maximum allowable income under Subsection A shall automatically adjust to said statutorily allowable incomes. 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. 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.