[Adopted 3-8-1999 by L.L. No. 2-1999[1]]
[1]
Editor's Note: This local law also repealed
L.L. No. 5-1998, adopted 10-26-1998, and stated that its purpose was
to replace the previously established maximum income eligibility level
with the maximum income eligibility level allowable.
Those persons whose income, as is defined under
§ 459-c of the New York State Real Property Tax Law (including
as it may, from time to time, be amended), is limited by reason of
disability shall be exempt from taxation by the Town up to the extent
of 50% of the assessed valuation thereof.
[Amended 12-27-1999 by L.L. No. 10-1999; 2-24-2003 by L.L. No. 1-2003; 1-8-2007 by L.L. No.
1-2007; 9-24-2007 by L.L. No. 14-2007; 9-26-2022 by L.L. No. 11-2022]
The maximum income eligibility income levels and exemptions
shall be administered in accordance with the following schedule:
|
Annual Income
|
Percentage of Assessed Valuation Exempt from Taxation
|
|---|---|
|
$50,000 or less
|
50%
|
|
More than $50,000 but less than $51,000
|
45%
|
|
$51,000 or more but less than $52,000
|
40%
|
|
$52,000 or more but less than $53,000
|
35%
|
|
$53,000 or more but less than $53,900
|
30%
|
|
$53,900 or more but less than $54,800
|
25%
|
|
$54,800 or more but less than $55,700
|
20%
|
|
$55,700 or more but less than $56,600
|
15%
|
|
$56,600 or more but less than $57,500
|
10%
|
|
$57,500 or more but less than $58,400
|
5%
|
[1]
Editor's Note: Former § 215-21.1, Deductions from
income, added 2-24-2003 by L.L. No. 1-2003, was repealed 9-26-2022 by L.L. No. 11-2022.
The sliding scale provisions of § 459-c
of the New York State Real Property Tax Law shall apply.
This article shall apply to the next assessment
rolls prepared on the basis of a taxable status date occurring on
or after January 1, 2000.
