[Adopted 1-13-1998 by L.L. No. 1-1998 (Ch.
162, Art. IV, of the 1989 Code)]
This article is adopted pursuant to authority
of Real Property Tax Law § 459-c (Chapter 315 of the Laws
of 1997). All definitions, terms and conditions of such statute shall
apply to this article. This article shall be known as the "Manchester
Partial Exemption from Taxation on Certain Real Property Owned by
Persons with Disabilities."
Real property owned by persons with disabilities,
whose income is limited by such disabilities, and used as the legal
residence of such person, shall be entitled to a partial exemption
from taxation to the extent of 50% of assessed valuation.
To be eligible for the exemption authorized
by such § 459-c and implemented by this article, the maximum
income of such person shall not exceed $13,000 to qualify for the
50% exemption. Eligibility increments are as follows:
|
Annual Income
|
Percentage of Assessed Valuation Exempt
From Taxation
|
|---|---|
|
More than $13,000 but less than $14,000
|
45%
|
|
$14,000 or more, but less than $15,000
|
40%
|
|
$15,000 or more, but less than $16,000
|
35%
|
|
$16,000 or more, but less than $16,900
|
30%
|
|
$16,900 or more, but less than $17,800
|
25%
|
|
$17,800 or more, but less than $18,700
|
20%
|
|
$18,700 or more, but less than $19,600
|
15%
|
|
$19,600 or more, but less than $20,500
|
10%
|
|
$20,500 or more, but less than $21,400
|
5%
|
