[Adopted 4-14-1998 by L.L. No. 1-1998]
This article is adopted pursuant to the authority of Real Property Tax Law § 459-c. All definitions, terms and conditions of such statute are incorporated herein by reference and shall apply to this article.
[Amended 12-11-2017 by L.L. No. 5-2017;[1] 8-12-2019 by L.L. No. 6-2019; 1-10-2022 by L.L. No. 2-2022]
Real property owned by a person with a disability, as defined in § 459-c of the Real Property Tax Law, whose income is limited by such disability and used as the legal principal residence of such person shall be entitled to a partial exemption from taxation to the extent shown below of the assessed valuation thereof as determined by the owner's or owners' corresponding annual income:
Annual Income
Reduction
$0 to $19,300
50%
$19,300.01 to $20,299.99
45%
$20,300 to $21,299.99
40%
$21,300 to $22,299.99
35%
$22,300 to $23,199.99
30%
$23,200 to $24,099.99
25%
$24,100 to $24,999.99
20%
$25,000 to $25,899.99
15%
$25,900 to $26,799.99
10%
$26,800 to $27,699.99
5%
$27,700 or more
0%
This increase shall be effective with the 2022 assessment roll.
[1]
Editor's Note: L.L. No. 5-2017 also repealed former § 153-16, Eligibility.