Instructions for Form RP-467 Application for Partial Tax Exemption for Real Property of Senior Citizens - New York

Form RP-467 Application for Partial Tax Exemption for Real Property of Senior Citizens - New York

This document contains official instructions for Form RP-467 , Application for Real Property of Senior Citizens - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form RP-467 is available for download through this link.

FAQ

Q: What is Form RP-467?A: Form RP-467 is an application for partial tax exemption for real property of senior citizens in New York.

Q: Who is eligible for this tax exemption?A: Senior citizens in New York who meet certain criteria are eligible for this tax exemption.

Q: What are the criteria for eligibility?A: To be eligible, a senior citizen must be 65 years or older, have a limited income, and own and occupy the property as their primary residence.

Q: What information do I need to provide on this form?A: You will need to provide your personal and property information, as well as documentation of your income and any other required documentation.

Q: Is there a deadline to submit this application?A: Yes, the deadline to submit this application is the taxable status date, which is generally March 1st.

Q: Can I apply for this exemption if I am a renter?A: No, this exemption is only for senior citizens who own and occupy their property as their primary residence.

Q: Will applying for this exemption lower my property taxes?A: Yes, if you meet the eligibility criteria and your application is approved, this exemption will lower your property taxes.

Q: Is this exemption permanent?A: This exemption is subject to annual renewal. You will need to reapply each year to continue receiving the tax exemption.