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; 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.