[Amended 10-10-2000 by L.L. No. 2-2000; 12-10-2002 by L.L. No. 3-2002; 12-9-2003 by L.L. No. 5-2003; 11-22-2005 by L.L. No.
6-2005; 2-27-2007 by L.L. No. 2-2007]
A. All real property in the Town of Sweden, meeting the
application, ownership, residency, income and use requirements of
§ 459-c of the Real Property Tax Law, shall receive an exemption
equal to 50% of the property's assessed value. The maximum income
for purposes of the fifty-percent exemption shall be equal to $26,000.
The eligible income level will then increase $1,000 annually through
2009 for incomes up to $29,000.
B. The Town of Sweden has the further option of giving
exemptions of less than 50% to persons with qualifying disabilities
whose incomes are more than $26,000. Under this option, called the
"sliding-scale option," a qualifying owner can have a yearly income
as high as $34,400 and a five-percent exemption in places that are
using the maximum limit. The eligible income levels will then increase
$1,000 annually through 2009, such that there will be a graduated
reduction in exemption for incomes more than $29,000 but less than
$37,400.
[Added 11-22-2005 by L.L. No. 6-2005]
Any exemption provided by this article shall
be computed after all other partial exemptions have been subtracted
from the total assessed value. No parcel may receive an exemption
pursuant to Real Property Tax Law § 459-c (disabled with
limited income) and § 467 (aged with limited income).
[Amended 8-22-2006 by L.L. No. 3-2006]
Application for such exemption must be made
annually by the owner, or all of the owners of the property, on application
forms provided by the New York State Board of Real Property Services
and filed in the Assessor's office on or before taxable status date,
March 1; however, proof of a permanent disability need be submitted
only in the year this exemption is first sought or the disability
is first determined permanent. At least 60 days prior to taxable status
date, the Assessor shall annually mail, to all exemption recipients
listed on the latest completed assessment roll, an application form
and a notice that such application must be filed on or before taxable
status date.