[Adopted 12-21-1999 by L.L. No. 10-1999]
The persons who meet the eligibility requirements as set forth
in § 459-c of the Real Property Tax Law are entitled to
the partial tax exemption as set forth below.
[Last amended 12-9-2008 by L.L. No. 2-2008]
Pursuant to § 459-c of the Real Property Tax Law,
the percentage of the assessed valuation which is exempt from taxation
will be determined on the basis of income in accordance with the following
graduated schedule:
A.
2009 schedule, effective January 1, 2009, for taxes beginning with
the June 2009 tax bill:
|
Annual Income of Applicant or Applicants
|
Percentage of Assessed Valuation Exempt From Taxation
|
|---|---|
|
$28,000 and less
|
50%
|
|
$28,000 but less than $29,000
|
45%
|
|
$29,000 but less than $30,000
|
40%
|
|
$30,000 but less than $31,000
|
35%
|
|
$31,000 but less than $31,900
|
30%
|
|
$31,900 but less than $32,800
|
25%
|
|
$32,800 but less than $33,700
|
20%
|
|
$33,700 but less than $34,600
|
15%
|
|
$34,600 but less than $35,500
|
10%
|
|
$35,500 but less than $36,400
|
5%
|
B.
2010 schedule, effective January 1, 2010, for taxes beginning with
the June 2010 tax bill:
|
Annual Income of Applicant or Applicants
|
Percentage of Assessed Valuation Exempt for Taxation
|
|---|---|
|
$29,000 and less
|
50%
|
|
$29,000 but less than $30,000
|
45%
|
|
$30,000 but less than $31,000
|
40%
|
|
$31,000 but less than $32,000
|
35%
|
|
$32,000 but less than $32,900
|
30%
|
|
$32,900 but less than $33,800
|
25%
|
|
$33,800 but less than $34,700
|
20%
|
|
$34,700 but less than $35,600
|
15%
|
|
$35,600 but less than $36,500
|
10%
|
|
$36,500 but less than $37,400
|
5%
|
