The purpose of this article is to provide a partial exemption
from taxation imposed by the Town of Mendon upon real property situated
within the Town of Mendon owned by persons with disabilities whose
income is limited by such disabilities, and used as the legal residence
of such persons, pursuant to the authority vested in the Town by § 459-c
of the Real Property Tax Law of the State of New York as amended or
changed.
Provisions of § 459-c of the Real Property Tax Law,
as amended or changed, through the effective date of this article,
together with any further acts of legislation amendatory thereof or
supplemental thereto, shall apply to and govern the determination
of the exemption of taxation permitted by this article to the extent
specified in this article as if such § 459-c had been more
particularly set forth herein and as the same may be determined from
time to time by Town Board resolution.
[Amended 3-26-2001 by L.L. No. 3-2001; 11-27-2003 by L.L. No.
2-2003; 2-23-2004 by L.L. No. 2-2004; 2-26-2007 by L.L. No.
3-2007]
A. No exemption shall be granted if the income of the owner or the combined
income of the owners of the property for the income tax year immediately
preceding the date of making application for exemption exceeds the
sum of $26,000, except that if the aforesaid income is more than $26,000,
then such real property shall be exempt to the extent provided in
the following schedule:
Annual Income
|
Percentage of Assessed Valuation Exempt From Taxation
|
---|
Up to $26,000
|
50%
|
More than $26,000 but less than $27,000
|
45%
|
$27,000 or more but less than $28,000
|
40%
|
$28,000 or more but less than $29,000
|
35%
|
$29,000 or more but less than $29,900
|
30%
|
$29,900 or more but less than $30,800
|
25%
|
$30,800 or more but less than $31,700
|
20%
|
$31,700 or more but less than $32,600
|
15%
|
$32,600 or more but less than $33,500
|
10%
|
$33,500 or more but less than $34,400
|
5%
|
B. The eligible income levels will then increase $1,000 annually through
2009, such that in 2009 there will be a 50% exemption for incomes
up to $29,000 and a graduated reduction in exemption for incomes more
than $29,000 but less than $37,400.