[Adopted 6-2-1998 by L.L. No. 6-1998]
A. 
The purpose of this article is to adopt for the Town of Lewisboro the tax exemption provided for in § 459-c of the Real Property Tax Law in accordance with the terms of that section.
B. 
All terms used in this article shall have the same meanings as used in § 459-c of the Real Property Tax Law.
[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.