[Adopted 9-8-2008 by L.L. No. 5-2008]
Any real property located in the Village of Pleasantville shall be exempt from taxation by the Village to the maximum extent of 50% of the assessed valuation thereof, pursuant to § 459-c of the Real Property Tax Law, provided that:
A. 
All of the owners of said real property are defined as persons with disabilities pursuant to § 459-c of the Real Property Tax Law.
B. 
The income of the owner or the combined incomes of all the owners of the property does not exceed the sum in § 166-30 below for the 12 consecutive months immediately preceding the date of the application for exemption. Where title to the property is vested in either the husband or wife, their combined income may not exceed such sums. Such income shall include disability payments, social security and retirement/pensions benefits, interest dividends, rental income, income from estates or trusts, gains from sales and exchanges, annuity payments, alimony, unemployment insurance payments, worker's compensation and salary or earnings and income from self-employment. Such income that is not included: supplemental security income, moneys received pursuant to the federal Foster Grandparents Program, welfare payments, inheritances, a return of capital and reparation payments received by Holocaust survivors. In connection with any application for exemption the applicant shall furnish the Board of Assessors such evidence of the income or combined income as the Board of Assessors may require.
[Amended 11-28-2022 by L.L. No. 10-2022]
The income schedule for the period beginning July 1, 2022, is as follows:
Maximum Income Exemption Eligibility
Percentage of Assessed Valuation Exempt From Taxation
$0 to $50,000.00
50%
$50,000.01 to $50,999.99
45%
$51,000.00 to $51,999.99
40%
$52,000.00 to $52,999.99
35%
$53,000.00 to $53,899.99
30%
$53,900.00 to $54,799.99
25%
$54,800.00 to $55,699.99
20%
$55,700.00 to $56,599.99
15%
$56,600.00 to $57,499.99
10%
$57,500.00 to $58,399.99
5%