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%
|