Palmieri offers property tax exemptions for low-income seniors
UTICA, NY (WUTR/WFXV/WPNY) – Mayor Palmieri today announced two legislative proposals that would help low-income seniors in the city of Utica.
“These are the same people who were the foundation of our great city. The fact that they make that minimum amount of money and then compromise the fact that they might lose their house, I think that’s the only thing to do. – Mayor Robert Palmieri, City of Utica
The mayor proposed a two-step solution. First, the income cap for the exemption would increase from $15,000 to $18,500. The second step would be to introduce a sliding scale that would gradually decrease the exemption as the level of income increases. Any senior with an income of less than $18,500 would retain a 50% exemption from their property taxes.
“What happened is that Social Security went up 5.9% and some of those old people wouldn’t benefit from the partial taxes because they went from $15,000 to about $16,000-17,000. $ and they would have to pay their full taxes, which unfortunately they could never afford to do. – Mayor Robert Palmieri, City of Utica
Mayor Palmieri says this will have an impact on taxpayers.
“About $150,000 to get us from that threshold from $15,000 to $18,000. But I think the biggest impact at this point will be if we don’t do anything. – Mayor Robert Palmieri, City of Utica
Legislation will be presented to the common council who will then discuss and vote on the legislation.