[Adopted 5-12-1998 by L.L. No. 7-1998]
A. 
Real property owned by a person with disabilities whose income is limited by such disabilities, and used as the legal residence of such person, shall be entitled to a partial exemption from taxation to the extent of 50% of assessed valuation.
B. 
To be eligible for the exemption authorized by such § 459-c and implemented by this article, the maximum income of such person shall not exceed $58,400 effective on assessment rolls after January 1, 2023. Any such person having a lower income shall be eligible for exemption in accordance with the following schedule:
[Amended 4-11-2000 by L.L. No. 8-2000; 2-13-2001 by L.L. No. 4-2001; 3-25-2003 by L.L. No. 5-2003; 11-18-2003 by L.L. No. 25-2003; 2-13-2007 by L.L. No. 5-2007; 11-15-2022 by L.L. No. 13-2022]
Income
Extent of Exemption
Up to $50,000
50%
$50,001 to $51,000
45%
$51,001 to $52,000
40%
$52,001 to $53,000
35%
$53,001 to $53,900
30%
$53,901 to $54,800
25%
$54,801 to $55,700
20%
$55,701 to $56,600
15%
$56,601 to $57,500
10%
$57,501 to $58,400
5%