This article shall be known as "A Local Law
Establishing Income Levels for Real Property Tax Exemptions for Disabled
and Low-Income Citizens."
This article is enacted pursuant to the requirements
set forth in the New York State Real Property Tax Law § 459-c
to establish real property tax income levels for disabled and low-income
citizens.
[Amended 6-15-2023 by L.L. No. 4-2023]
The Town of Chatham hereby adopts the following sliding scale
schedule relative to income levels and the percentage of assessed
valuation exempt from taxation:
Annual Income
|
% of Exemption
|
---|
$34,000 and under
|
50
|
$34,000.01-34,999.99
|
45
|
$35,000-35,999.99
|
40
|
$36,000-36,999.99
|
35
|
$37,000-37,899.99
|
30
|
$37,900-38,799.99
|
25
|
$38,800-39,699.99
|
20
|
$39,700-40,599.99
|
15
|
$40,600-41,499.99
|
10
|
$41,500-42,399.99
|
5
|