[Adopted 5-12-1993 by L.L. No. 1-1993]
[Amended 1-5-1994; 2-22-1995 by L.L. No. 1-1995; 9-24-1997 by L.L. No. 6-1997; 3-24-1999 by L.L. No. 3-1999; 2-15-2018 by L.L. No. 2-2018]
The income of the owner or the combined income of the owners of real property with income limits set forth below for the 12 consecutive months immediately preceding the date that the application for an exemption is filed shall receive an exemption as set forth below for the specific income range of the applicant or applicants as set forth in the application. Where title is vested in either the husband or wife, the combined income will be used to determine the income range as set forth below. Such income shall include social security and retirement benefits, interest, dividends, total gain from the sale or exchange of a capital asset which may be offset by a loss from the sale or exchange of a capital asset in the same income tax year, net rental income, salary or earnings and net income from self-employment, but shall not include a return of capital, gifts, inheritances or moneys earned through employment in the Federal Foster Grandparent Program.
Income Range
Exemption
$0, but less than $29,000
50%
$29,001, but less than $29,999.99
45%
$30,000, but less than $30,999.99
40%
$31,000, but less than $31,999.99
35%
$32,000, but less than $32,899.99
30%
$32,900, but less than $33,799.99
25%
$33,800, but less than $34,699.99
20%
$34,700, but less than $35,599.99
15%
$35,600, but less than $36,499.99
10%
$36,500, but less than $37,399.99
5%
Please take notice that to the extent that this article may conflict with applicable portions of the Town Law of the State of New York, including §§ 20 and 24 of the Town Law, it is the stated intention of the Town to exercise its authority to supersede and amend, as granted under the Municipal Home Rule Law of the State of New York § 10. The Town hereby provides notice that it is exercising its authority to supersede and amend pursuant to Municipal Home Rule Law of the State of New York § 22.