[1]
Editor's Note: This local law also repealed former Art. III,
Senior Citizens Exemption, adopted 2-9-1995 by L.L. No. 2-1995, as
amended.
An exemption from real property taxes shall
be granted to qualified senior citizens as provided in Real Property
Tax Law of the State of New York based upon the following chart:
|
Annual Income
|
Percentage of Assessed Valuation Exempt
from Taxation
|
|---|---|
|
Less than or equal to $15,800
|
50%
|
|
More than $15,800, but less than $16,800
|
45%
|
|
More than $16,800, but less than $17,800
|
40%
|
|
More than $17,800, but less than $18,800
|
35%
|
|
More than $18,800, but less than $19,700
|
30%
|
|
More than $19,700, but less than $20,600
|
25%
|
|
More than $20,600, but less than or equal to
$21,500
|
20%
|
