[Adopted 4-11-2000 by L.L. No. 1-2000]
This article is enacted to provide a partial exemption from real property taxation pursuant to § 459-c of the Real Property Tax Law to persons with disabilities who have limited incomes.
To be eligible for this exemption provided by this article, the maximum income of such person shall not exceed $19,500. Real property owned by one or more persons with disabilities, or real property owned by a husband and wife, or both, by siblings, at least one of whom has a disability, and whose income, as hereinafter defined, is limited by reason of such disability, shall be exempt from taxation by the Town of Wales to the extent provided in the following table:
Annual Income
Percentage of Assessed Valuation Exempt from Taxation
Up to $19,500
50%
More than $19,500 but less than $20,000
45%
$20,500 or more, but less than $21,500
40%
$21,500 or more, but less than $22,500
35%
$22,500 or more, but less than $23,400
30%
$23,400 or more, but less than $24,300
25%
$24,300 or more, but less than $25,200
20%
$25,200 or more, but less than $26,100
15%
$26,100 or more, but less than $27,000
10%
$27,000 or more, but less than $27,900
5%