[Adopted 2-12-1986 by L.L. No. 1-1986]
The purpose of this article is to set the maximum income allowable
pursuant to § 467, Subdivision 3(a), of the Real Property
Tax Law of the State of New York.
[Amended 2-8-1989 by L.L.
No. 1-1989; 1-10-1990 by L.L. No. 1-1990; 11-7-1991 by L.L. No. 2-1991; 1-25-1995 by L.L. No. 1-1995; 11-13-1996 by L.L. No. 4-1996; 11-9-2011 by L.L. No. 3-2011; at time of adoption
of Code (see Ch. 1, General Provisions, Art. I)]
Real property located within the Town of Clayton owned by one
or by one or more persons, each of whom is 65 years of age or over,
or who otherwise qualify under Real Property Tax Law § 467,
shall be exempt from taxation to the extent provided in the following
schedule.
|
Annual Income
|
Percentage Assessed
(Valuation Exempt from Taxation)
|
|---|---|
|
Under $13,000
|
50%
|
|
$13,000.01 to $13,999.99
|
45%
|
|
$14,000 to $14,999.99
|
40%
|
|
$15,000 to $15,999.99
|
35%
|
|
$16,000 to $16,899.99
|
30%
|
|
$16,900 to $17,799.99
|
25%
|
|
$17,800 to $18,699.99
|
20%
|
|
$18,700 to $19,599.99
|
15%
|
|
$19,600 to $20,499.99
|
10%
|
