[Adopted 11-13-2008 by L.L. No. 2-2008]
Tax exemptions under this article are provided pursuant to the
authority granted under Real Property Tax Law (RPTL) § 459-c
and are subject to all the terms and provisions of that section.
Subject to the terms of this article, real property owned by
one or more persons with disabilities, or real property owned by husband,
wife, or both, or by siblings, at least one of whom has a disability,
or real property owned by one or more persons, some of whom qualify
under this section and the others of whom qualify under for the senior
citizen's exemption under RPTL § 467, and whose income is
limited by reason of such disability, shall be exempt from taxation
by the Town of Washington to the extent of 50% of the assessed valuation
thereof.
A.
No owner or owners of real property shall be entitled to the exemption provided in this article if the income of the owner or the combined income of the owners of the property for the income tax year immediately preceding the date of making application for exemption exceeds $37,400 ("maximum income"), except as provided in Subsection B below.
[Amended 2-14-2019 by L.L. No. 1-2019; 2-23-2023 by L.L. No. 1-2023; 2-8-2024 by L.L. No. 2-2024]
B.
An owner or owners of real property with income in excess of the maximum income set forth in Subsection A above shall be entitled to exemptions in accordance with the following schedule:
[Amended at time of adoption of Code (see Ch. 1, General
Provisions, Art. I)]
|
Annual Income
|
Percentage Assessed Valuation Exempt From Valuation
|
|---|---|
|
More than $37,400 ("M") but less than $38,400 (M + $1,000)
|
45%
|
|
$38,400 or more but less than $39,400 (M + $2,000)
|
40%
|
|
$39,400 or more but less than $40,400 (M + $3,000)
|
35%
|
|
$40,400 or more but less than $41,300 (M + $3,900)
|
30%
|
|
$41,300 or more but less than $42,200 (M + $4,800)
|
25%
|
|
$42,200 or more but less than $43,100 (M + $5,700)
|
20%
|
|
$43,100 or more but less than $44,000 (M + $6,600)
|
15%
|
|
$44,000 or more but less than $44,900 (M + $7,500)
|
10%
|
|
$44,900 or more but less than $45,800 (M + $8,400)
|
5%
|
C.
For persons
with disabilities and limited incomes, the income for an applicable
application may be offset by all medical and prescription drug expenses
actually paid which were not reimbursed or paid for by insurance.
[Added 2-8-2024 by L.L.
No. 2-2024]
