[Adopted 2-10-1998 by L.L. No. 1-1998;
approved 3-2-1998]
Pursuant to the authority granted by § 459-c
of the Real Property Tax Law, real property in the County of Monroe
owned by one or more persons with disabilities, or real property owned
by a husband and wife, or both, or by siblings, at least one of whom
has a disability, and whose income, as hereafter defined, is limited
by reason of such disability, shall be exempt from taxation by the
County of Monroe to the extent of 50% of the assessed valuation thereof.
[Last amended 1-10-2023 by L.L. No. 2-2023,
approved 1-10-2023]
No exemption shall be granted if the income
of the owner or the combined income of the owners of the property,
for the income tax year immediately preceding the date of making application
for exemption, exceeds the sum of $50,000, except that, if the after
said income is more than $50,000, then such real property shall be
exempt to the extent provided in the following schedule:
|
Annual Income
|
Percentage of Assessed
Valuation Exempt
From Taxation
|
|---|---|
|
More than $50,000 but less than $51,000
|
45%
|
|
$51,000 or more but less than $52,000
|
40%
|
|
$52,000 or more but less than $53,000
|
35%
|
|
$53,000 or more but less than $53,900
|
30%
|
|
$53,900 or more but less than $54,800
|
25%
|
|
$54,800 or more but less than $55,700
|
20%
|
|
$55,700 or more but less than $56,600
|
15%
|
|
$56,600 or more but less than $57,500
|
10%
|
|
$57,500 or more but less than $58,400
|
5%
|
