[Adopted 1-5-1995 by L.L. No. 2-1995]
This article shall be known as the "Senior Citizens Tax Percentage Reduction Law of 1995."
This article is enacted pursuant to Article 2 of the Municipal Home Rule Law of the State of New York.
It is the purpose of this article to establish the schedule for reduction of a senior citizen's real property taxes based on his/her income.
[Amended 1-9-2003 by L.L. No. 1-2003; 2-11-2010 by L.L. No. 1-2010]
Senior citizens with the following income levels may apply for and receive the correlating percentage reduction in their taxes:
Income
Tax Reduction
$0 to $19,400
50%
$19,401 to $20,400
45%
$20,401 to $21,400
40%
$21,401 to $22,300
35%
$22,301 to $23,200
30%
$23,201 to $24,100
25%
$24,101 to $25,000
20%