[Adopted 1-4-1993; amended in its entirety 1-20-1999 by L.L. No. 1-1999]
The exemption from taxation of real property authorized by § 467
of the Real Property Tax Law as to real property owned by persons
65 years of age or over is and shall be effective as to real property
located in the Village of Red Hook.
The terms and conditions of § 467 of the Real Property
Tax Law shall be in effect in the Village of Red Hook, except for
any provision authorizing the filing of an application for such exemption
after the taxable status date and except as otherwise provided herein.
The maximum income eligibility level in the Village of Red Hook
shall be in accordance with the following schedule:
|
Annual Income
|
Percentage of Assessed Valuation Exempt From Taxation
|
|---|---|
|
$12,500 or less
|
50%
|
|
More than $12,500 but less than $13,500
|
45%
|
|
$13,500 or more but less than $14,500
|
40%
|
|
$14,500 or more but less than $15,500
|
35%
|
|
$15,500 or more but less than $16,400
|
30%
|
|
$16,400 or more but less than $17,300
|
25%
|
|
$17,300 or more but less than $18,200
|
20%
|
