[Adopted 2-12-1998 by L.L. No. 3-1998]
This article is adopted pursuant to authority of Real Property Tax Law, § 459-c. All definitions, terms and conditions of such statute shall apply to this article.
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.
[Amended 1-4-1999 by L.L. No. 1-1999; 1-13-2000 by L.L. No. 1-2000; 12-14-2000 by L.L. No. 4-2000; 1-10-2002 by L.L. No. 1-2002; 12-12-2002 by L.L. No. 4-2002; 12-11-2003 by L.L. No. 1-2003; 1-13-2005 by L.L. No. 1-2005; 11-10-2005 by L.L. No. 3-2005; 11-9-2006 by L.L. No. 2-2006; 11-8-2007 by L.L. No. 3-2007; 11-13-2008 by L.L. No. 1-2008; 11-8-2012 by L.L. No. 2-2012]
To be eligible for the exemption authorized by Real Property Tax Law § 459-c and implemented by this article, the maximum income of such person shall not exceed $20,000. Any such person having a higher income shall be eligible for an exemption in accordance with the following schedule:
Annual Income
Percentage of Assessed Valuation Exempt from Taxation
$0.00 to $20,000.00
50%
$20,000.01 to $20,999.99
45%
$21,000.00 to $21,999.99
40%
$22,000.00 to $22,999.99
35%
$23,000.00 to $23,899.99
30%
$23,900.00 to $24,799.99
25%
$24,800.00 to $25,699.99
20%
$25,700.00 to $26,599.99
15%
$26,600.00 to $27,499.99
10%
$27,500.00 to $28,399.99
5%