[Adopted 12-10-2014 by L.L. No. 2-2015]
Subject to and in accordance with the provisions of § 459-c
of the New York State Real Property Tax Law, real property that is
owned by one or more persons with disabilities, by spouses or by siblings,
at least one of whom has a disability and whose income is limited
by reason of such disability, and is used exclusively for residential
purposes shall be exempt from taxation by the Village to the extent
provided herein.
[Amended at time of adoption of Code (see Ch. 1, General
Provisions, Art. I)]
The exemption hereinabove granted shall be based upon the combined
annual income of all of the owners of the real property and computed
as set forth in the following table:
|
Annual Income
|
Percentage of Assessed Valuation Exempt from
Taxation
|
|---|---|
|
Less than $29,000
|
50%
|
|
$29,000 or more but less than $30,000
|
45%
|
|
$30,000 or more but less than $31,000
|
40%
|
|
$31,000 or more but less than $32,000
|
35%
|
|
$32,000 or more but less than $32,900
|
30%
|
|
$32,900 or more but less than $33,800
|
25%
|
|
$33,800 or more but less than $34,700
|
20%
|
|
$34,700 or more but less than $35,600
|
15%
|
|
$35,600 or more but less than $36,500
|
10%
|
|
$36,500 or more but less than $37,400
|
5%
|
|
$37,400 or more
|
0%
|
