[Adopted 4-11-1984 by L.L. No. 4-1984;
amended in its entirety 2-12-2004 by L.L. No. 1-2004]
[Amended 3-12-2009 by L.L. No. 1-2009]
The maximum annual income range for partial
real property tax exemptions for persons of the age of 65 years or
over, pursuant to and in accordance with § 467, Subdivision
1(b), of the Real Property Tax Law, is as specified in the following
schedule:
|
Annual Income
|
Percentage of Exemption
|
|---|---|
|
$19,400 or less
|
50
|
|
$19,401 to $20,300
|
45
|
|
$20,301 to $21,200
|
40
|
|
$21,201 to $22,100
|
35
|
|
$22,101 to $23,000
|
30
|
|
$23,001 to $24,000
|
25
|
|
$24,001 to $25,000
|
20
|
