[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.