[Amended 6-20-2006 by L.L. No. 1-2006]
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%
|
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.