[Adopted 2-22-2018 by L.L. No. 2-2018]
It is the intent and purpose of this article to afford qualifying
disabled persons in the Town of Wallkill certain tax exemptions as
authorized under § 459-c of the Real Property Tax Law in
this state.
As provided in Paragraph 5(a) of Real Property Tax Law § 459-c,
the value (M), as it is used herein with respect to annual income,
shall be $29,000.
The following chart shall apply for calculating disability exemption
limits in relation to annual income:
|
Annual Income Range
|
Percentage Assessed Valuation Exempt from Taxation
|
|---|---|
|
Less than $29,000.00
|
50%
|
|
$29,000.01 but less than $29,999.99
|
45%
|
|
$30,000.00 but less than $30,999.99
|
40%
|
|
$31,000.00 but less than $31,999.99
|
35%
|
|
$32,000.00 but less than $32,899.99
|
30%
|
|
$32,900.00 but less than $33,799.99
|
25%
|
|
$33,800.00 but less than $34,699.99
|
20%
|
|
$34,700.00 but less than $35,599.99
|
15%
|
|
$35,600.00 but less than $36,499.99
|
10%
|
|
$36,500.00 but less than $37,399.99
|
5%
|
