[Adopted 2-25-1998 by L.L. No. 4-1998; amended in its entirety 2-28-2007 by L.L. No. 1-2014]
This Article is adopted pursuant to the authority granted by § 459-c
of the Real Property Tax Law. All definitions, terms and conditions
of such statute shall apply to this chapter.
Real property owned by a person with disabilities, whose income
is limited by such disabilities, and used as the legal residence of
such person shall be entitled to a partial exemption from taxation
to the extent of 50% of the assessed valuation.
To be eligible for the exemption authorized by Real Property
Tax Law § 459-c and implemented by this article, the maximum
income of such person shall not exceed $20,000. Any such person having
higher income shall be eligible for an exemption in accordance with
the following schedule:
|
Income Level
|
Residential Exemption
|
|---|---|
|
$0.00 to $20,000
|
50%
|
|
$20,000.01 to $20,999.99
|
45%
|
|
$21,000 to $21,999.99
|
40%
|
|
$22,000 to $22,999.99
|
35%
|
|
$23,000 to $23,899.99
|
30%
|
|
$23,900 to $24,799.99
|
25%
|
|
$24,800 to $25,699.99
|
20%
|
|
$25,700 to $26,599.99
|
15%
|
|
$26,600 to $27,499.99
|
10%
|
|
$27,500 to $28,399.99
|
5%
|
