This article is adopted pursuant to the provisions of the Municipal
Home Rule Law and the Real Property Tax Law of the State of New York.
Pursuant to the provisions of § 467 of the Real Property
Tax Law of the State of New York, the income eligibility levels for
determining qualification for the partial exemption from real property
taxes for persons 65 years of age and older are hereby established
in accordance with the following schedule:
Annual Income
|
Percentage of Assessed Valuation Exempt From Taxation
|
---|
$0 to $15,500
|
50%
|
$15,500.01 to $16,499.99
|
45%
|
$16,500 to $17,499.99
|
40%
|
$17,500 to $18,499.99
|
35%
|
$18,500 to $19,399.99
|
30%
|
$19,400 to $20,299.99
|
25%
|
$20,300 to $21,199.99
|
20%
|
$21,200 and over
|
0%
|