[Amended 12-7-1970; 2-3-1975; 12-12-1977; 10-1-1979; 1-5-1981; 2-6-1984; 12-15-1986; 2-20-1990; 1-7-1991; 12-2-1991; 12-7-1992; 12-4-1995; 6-1-1998]
A. Section 467 of the New York State Real Property Tax Law, as the same
may be amended from time to time hereinafter, is hereby adopted, and
the exemption authorized pursuant thereto is hereby granted, in accordance
with the terms and conditions thereof and as set forth herein.
B. If the income of the owner or the combined income of the owners of
the property is $26,900 or greater for the income tax year immediately
preceding the date of application for exemption, no exemption shall
be granted.
C. The following exemptions shall be allowed for the following incomes
herein defined:
|
Income
|
Percentage of Assessed Valuation
|
---|
|
$18,500 or less
|
50%
|
|
Over $18,500 but less than $19,500
|
45%
|
|
Over $19,500 but less than $20,500
|
40%
|
|
Over $20,500 but less than $21,500
|
35%
|
|
Over $21,500 but less than $22,400
|
30%
|
|
Over $22,400 but less than $23,300
|
25%
|
|
Over $23,300 but less than $24,200
|
20%
|
|
Over $24,200 but less than $25,100
|
15%
|
|
Over $25,100 but less than $26,000
|
10%
|
|
Over $26,000 but less than $26,900
|
5%
|
D. No exemption shall be granted if the property receives an exemption under the persons with disabilities and limited income tax exemption set forth in Article
IV of this chapter.
Any person(s) having made any willful false statement in the
application for such exemption shall be punishable by a fine of not
more than $100 and shall disqualify the applicant or applicants from
further exemption for a period of five years.