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 a partial tax exemption for real property of senior citizens in New York.

Q: Who can apply for the partial tax exemption?
A: Senior citizens who own residential property in New York can apply for the partial tax exemption.

Q: What are the eligibility requirements for the exemption?
A: To be eligible, the applicant must be 65 years or older, have a combined income below a specified limit, and meet other requirements.

Q: What documents are required to be submitted with the application?
A: The applicant must provide proof of age, proof of ownership, proof of residency, and income documents.

Q: Is there a deadline for submitting the application?
A: Yes, the application must be submitted on or before the taxable status date of the assessing unit.

Q: What is the benefit of the partial tax exemption?
A: The exemption can reduce the property taxes owed by eligible senior citizens.

Q: Is the exemption automatic once the application is approved?
A: No, the exemption is not automatic. It must be renewed annually by filing the appropriate forms and meeting the eligibility requirements.

Q: Are there any other tax exemptions available for senior citizens in New York?
A: Yes, there are other tax exemptions and programs available, such as the Enhanced STAR program for senior citizens.