[Adopted 1-11-1999 by L.L. No. 1-1999]
This article is adopted pursuant to authority of Real Property
Tax Law § 459-c. All definitions, terms and conditions of
such statute shall apply to this article.
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 assessed valuation.
[Amended at time of adoption of Code (see Ch. 1, General
Provisions, Art. I)]
To be eligible for the exemption authorized by Real Property
Tax Law § 459-c, the following income schedule shall apply.
Any such income shall be offset by all medical and prescription drug
expenses actually paid which were not reimbursed or paid for by insurance.
|
Income
|
Percentage of Assessed Valuation Exempt from Taxation
|
|---|---|
|
Less than $20,500
|
50%
|
|
Greater than $20,501 but less than $21,500
|
45%
|
|
Greater than $21,501 but less than $22,500
|
40%
|
|
Greater than $22,501 but less than $23,500
|
35%
|
|
Greater than $23,501 but less than $24,400
|
30%
|
|
Greater than $24,401 but less than $25,300
|
25%
|
|
Greater than $25,301 but less than $26,200
|
20%
|
|
Greater than $26,201 but less than $27,100
|
15%
|
|
Greater than $27,101 but less than $28,000
|
10%
|
|
Greater than $28,001 but less than $28,900
|
5%
|
