[Adopted 8-17-1999 by L.L. No. 2-1999]
[Amended 6-20-2006 by L.L. No. 1-2006[1]]
Pursuant to the authority granted by § 459-c of the Real Property Tax Law, a partial tax exemption from real property taxation shall be granted to individuals whose incomes are limited due to their disability, provided that they satisfy certain income and residency tests and not including the option to deduct medical and prescription expenses, all in accordance with § 459-c of the New York State Real Property Tax Law. The percentage of set valuation exempt from taxation shall be based upon the annual income sliding scale below:
Annual Income
Percentage Assessed Valuation Exempt From Taxation
$20,000 or less
50%
$20,001 to $21,000
45%
$21,001 to $22,000
40%
$22,001 to $23,000
35%
$23,001 to $23,900
30%
$23,901 to $24,800
25%
$24,801 to $25,700
20%
$25,701 to $26,600
15%
$26,601 to $27,500
10%
[1]
Editor's Note: This local law also stated that it shall take effect 1-1-2007.
Persons to whom such exemptions shall apply shall submit an application obtainable from the Tax Assessor's office and meeting all requirements of § 459-c of the Real Property Tax Law. Such applications for exemptions shall also be made available from the Village Clerk. Such applications must be filed by the due date for application for exemption applicable to the Town of Sullivan.