[Adopted 6-2-2004 by L.L. No. 2-2004]
This article is adopted pursuant to authority of the Real Property
Tax Law § 459-c. All terms, definitions and conditions of
such statute shall apply to this article.
The purpose of this article is to provide an exemption for disabled
persons with limited incomes who qualify for a partial exemption under
§ 459-c of the Real Property Tax Law.
[Amended 2-21-2007 by L.L. No. 2-2007; 12-30-2008 by L.L. No.
2-2008]
A.
Beginning July 1, 2008, to be eligible for the 50% exemption authorized
by § 467 of the Real Property Tax Law and implemented by
this article, the maximum income of such person shall not exceed $28,000,
and the following maximum income limits apply to the corresponding
exemptions, up to an exemption of 20% of the assessed valuation of
real property:
|
Percentage
|
Maximum Income
| |
|---|---|---|
|
45%
|
$28,000.01 to $28,999.99
| |
|
40%
|
$29,000.00 to $29,999.99
| |
|
35%
|
$30,000.00 to $30,999.99
| |
|
30%
|
$31,000.00 to $31,899.99
| |
|
25%
|
$31,900.00 to $32,799.00
| |
|
20%
|
$32,800.00 to $33,699.00
|
B.
Beginning July 1, 2009, to be eligible for the 50% exemption authorized
by § 467 of the Real Property Tax Law and implemented by
this article, the maximum income of such person shall not exceed $29,000,
and the following maximum income limits apply to the corresponding
exemptions, up to an exemption of 20% of the assessed valuation of
real property:
|
Percentage
|
Maximum Income
| |
|---|---|---|
|
45%
|
$29,000.01 to $29,999.99
| |
|
40%
|
$30,000.00 to $30,999.99
| |
|
35%
|
$31,000.00 to $31,999.99
| |
|
30%
|
$32,000.00 to $32,899.99
| |
|
25%
|
$32,900.00 to $33,799.00
| |
|
20%
|
$33,800.00 to $34,699.00
|
