[Amended 1-23-2023 by L.L. No. 1-2023]
The Town of Lewisboro hereby grants to persons with disabilities
and limited income, as defined by § 459-c of the Real Property
Tax Law, the tax exemption up to a maximum of 50% of the assessed
value of the real property owned by the person with disabilities and
limited income in the manner described in § 459-c of the
Real Property Tax Law.
[Amended 3-6-2001 by L.L. No. 1-2001; 3-4-2003 by L.L. No.
4-2003; 1-23-2023 by L.L. No. 1-2023]
The income eligibility level for a person with a disability
to qualify for exemption under this article and the corresponding
exemption entitlement shall be as follows:
Annual Income
|
Percentage of Assessed Value Exempt From Taxation
|
---|
Under $50,000
|
50%
|
$50,000 to $50,999.99
|
45%
|
$51,000 to $51,999.99
|
40%
|
$52,000 to $52,999.99
|
35%
|
$53,000 to $53,899.99
|
30%
|
$53,900 to $54,799.99
|
25%
|
$54,800 to $55,699.99
|
20%
|
$55,700 to $56,599.99
|
15%
|
$56,600 to $57,499.99
|
10%
|
$57,500 to $58,399.99
|
5%
|
[Amended 3-6-2001 by L.L. No. 1-2001; 3-4-2003 by L.L. No.
4-2003]
For persons with disabilities whose earnings are in excess of
the amount necessary to qualify for fifty-percent exemption, an exemption
will be granted in amounts to be set by the Town Board by resolution
from time to time.