[Adopted 3-12-2018 by L.L. No. 2-2018[1]]
[1]
Editor’s Note: This local law also repealed former Art.
II, Exemption for Disabled Persons, adopted 8-6-2007 by L.L. No. 2-2007.
Pursuant to § 459-c of the Real Property Tax Law of
the State of New York, real property owned by one or more persons
with disabilities, or real property owned by a husband, wife or both,
or by siblings, at least one of whom has a disability, or real property
owned by one or more persons, some of whom qualify under §§ 459-c
and 467 of the Real Property Tax Law, and whose income, as hereafter
defined, is limited by reason of such disability, shall be exempt
from taxation by the Town of Cornwall to the extent of 50% of the
assessed valuation thereof, as shown on the following graduated income
scale where the income of the owner or the combined income of the
owners of the property for the income tax year immediately preceding
the date of application for the exemption is less than the amount
shown thereon. This article shall be construed and interpreted in
accordance with those applicable provisions set forth in § 459-c
of the Real Property Tax Law of the State of New York and is in all
respects governed thereby, and said law is incorporated herein by
reference.
|
Annual Income
|
Percentage of Assessed Valuation Exempt From Taxation
|
|---|---|
|
$3,000.00 but less than $29,000.00
|
50%
|
|
$29,000.01 but less than $29,999.00
|
45%
|
|
$30,000.00 but less than $30,999.99
|
40%
|
|
$31,000.00 but less than $31,999.99
|
35%
|
|
$32,000.00 but less than $32,899.99
|
30%
|
|
$32,900.00 but less than $33,799.99
|
25%
|
|
$33,800.00 but less than $34,699.99
|
20%
|
|
$34,700.00 but less than $35,599.99
|
15%
|
|
$35,600.00 but less than $36,499.99
|
10%
|
|
$36,500.00 but less than $37,399.99
|
5%
|
