[Adopted 11-18-2021 by L.L. No. 4-2021[1]]
[1]
Editor's Note: This local law also superseded former Art. III, Exemption for Citizens with Disabilities and Low Incomes, adopted 11-30-2010 by L.L. No. 2-2010.
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