Form RP-467-Wkst: Income Worksheet for the Senior Citizens Exemption

Form RP-467-Wkst, officially titled the Income Worksheet for Senior Citizens Exemption, is a supporting document issued by the New York State Department of Taxation and Finance. It’s used to calculate and verify the annual income of an applicant seeking the partial property tax exemption available to senior citizens under New York’s Real Property Tax Law. Unlike the main application, this worksheet doesn’t grant anything on its own — it’s the math behind the eligibility determination.

If you’ve already looked into Form RP-467, the Application for Partial Tax Exemption for Senior Citizens, you know that income limits are one of the central requirements for qualifying. Local assessors need a clear, documented breakdown of what counts as income and what doesn’t, and that’s exactly what RP-467-Wkst provides. It walks the applicant through each category of income — Social Security benefits, pensions, interest, dividends, rental income, and other sources — and helps determine the total income figure that will be compared against the local exemption threshold.

Who Needs to File This Worksheet

This form is meant for homeowners aged 65 or older (or households where at least one owner meets that age requirement) who are applying for or renewing the senior citizens exemption on their primary residence. Because eligibility for this exemption is income-based, and because the applicable income limits vary from one municipality to another, assessors often require applicants to submit a detailed income calculation rather than just a self-reported total. RP-467-Wkst standardizes that process across the state.

Not every county or town requires the worksheet in every case, but many local assessing units request it as part of the standard application packet, especially for first-time applicants or when income sources are more complex, such as a mix of retirement distributions, investment income, and rental property earnings. It’s a good idea to check with your local assessor’s office to see whether they specifically require this worksheet along with your main application.

When and How It’s Used

The worksheet is typically submitted alongside Form RP-467 during the initial application period, and again in later years if your assessor requires updated income documentation for renewal. Since the senior citizens exemption isn’t automatically permanent — most jurisdictions review income eligibility periodically — you may need to complete this worksheet more than once over the years you hold the exemption.

Filling it out involves listing all sources of income for the applicant (and spouse, if applicable) for the relevant income tax year, then subtracting any allowable deductions, such as certain medical expenses, to arrive at net income for exemption purposes. This net figure is what your local assessor compares against the income ceiling set by your municipality or school district, since those limits differ significantly across New York State.

It’s worth noting that if an application is ultimately denied — often because income exceeds the local limit or documentation is incomplete — the assessor will typically respond using Form RP-467-Dnl, the Notice of Denial of Application for Partial Tax Exemption of Senior Citizens. Having an accurate, well-documented RP-467-Wkst on file can help avoid that outcome by giving the assessor everything needed to verify eligibility the first time around.

Separately, homeowners whose property was affected by a natural disaster should be aware that income-based exemptions and disaster-related assessment relief are handled through different channels — for that situation, Form RP-467-N addresses assessment relief specifically, and isn’t a substitute for the income worksheet.

The current revision of RP-467-Wkst, dated August 2023, is available as a fillable PDF directly from the New York State Department of Taxation and Finance. Since it’s an AcroForm, you can type your figures directly into the document on a computer before printing it for signature and submission to your local assessor’s office, rather than filling it out entirely by hand.