Saugerties Town Board updates income-based property tax deductions for vets and seniors

In an amendment (or in golf terms, a Mulligan) to a previously published report, the Saugerties Town Board passed its second new local law of 2018 on Aug. 15, adjusting income-based property tax deductions for senior citizens, Cold War veterans and those with disabilities.

The deductions operate on a graduated scale, with senior and disabled residents who make less than $29,000 a year earning a 50 percent deduction on their property’s taxed value, all the way down to a 5 percent reduction for those who make between $36,500 to $37,400. Cold War veterans are eligible for a 10 percent deduction on their property value, not to exceed $8,000.

“I am glad that the town board supported lowering property taxes for those seniors, veterans, and disabled citizens who have lower incomes.” said Councilman Mike MacIsaac. “We as a community need to support such residents so they don’t have to choose between paying their taxes and life’s basic necessities.”

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Property owners interested in taking advantage of the deductions should make an appointment with the tax assessor at Town Hall, said MacIsaac, and come prepared with their relevant tax documents.

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