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Mayor Mantello Announces Legislation to Increase Maximum Income Level for Seniors and People with Disabilities Tax Exemption



Mayor Carmella Mantello announced today legislation which takes advantage of New York States newly amended senior citizens exemption and the exemption for persons with disabilities and limited incomes in New York State.
 
“We are excited for this opportunity to offer our seniors and persons with disabilities communities an opportunity to keep more money in their pocket”, stated Mayor Mantello. “We understand how challenging these financial times are for residents, especially our seniors and folks with disabilities, and we will help them have as much financial freedom as possible.”
 
New York State amended Real Property Tax Law for Section 467 and Section 459-c during 2023.  The state increased the maximum income limit from $37,400 to $58,400 and simplified the “definition of income”.  This is the first income increase and change since 2010.
 
The local law is scheduled to be introduced next week and acted on by the end of February.

As part of its annual Summer of Kindness, the Sunmark Charitable Community Foundation partnered with KIPP Troy Prep High School to assist outgoing seniors as they transition to college. On Thursday, June 6, members of the Sunmark Kindness Crew provided essential supplies to graduating seniors as they prepare for the next chapter of their academic…
Tech Valley Center of Gravity (TVCOG), a nonprofit organization and makerspace located in downtown Troy, is accepting applications for its new Digital Fabrication Residency program. The program, made possible through The Arts Center of the Capital Region’s Arts Thrive and Grow grant, will provide a unique opportunity for residents to learn to use…
The Tri-City ValleyCats announced that the 518 Futures Classic has been postponed to Monday, June 10th. Any tickets purchased for the initial event will be valid for the 518 Futures Classic now on Monday, June 10th.  The Tri-City ValleyCats have partnered with Built2Win to showcase the best high school baseball talent across New York’s Capital…
Jun
27
Get connected, develop leads and build relationships at our one-of-a-kind, fast-paced networking event. The Chamber’s networking events are a high-impact…
5pm-7pm
Jul
10
Maximize your chamber membership by discovering all of the benefits available to you AND your employees. Whether you are a new or long-time member, this…
Check-in and breakfast 8:30 a.m. 9:00-9:30 a.m. benefits overview
Jul
16
Are you new to the professional world? Have you been wondering how to jump start your professional network? The Chamber is proud to announce the start of…
8:30am-9:30am