[Adopted 10-13-2022 by L.L. No. 20-2022]
The Board finds that it is in the best interest of the Town
of North Hempstead to adopt a local law to opt into certain amendments
to § 459-c of the New York Real Property Tax Law to increase
the maximum income levels for receiving an exemption or partial exemption
from real property taxation for certain persons with disabilities
and limited incomes.
The graduated maximum income levels for receipt of a partial
exemption from real property taxation for purposes of taxes levied
for the Town of North Hempstead, pursuant to § 459-c of
the Real Property Tax Law, heretofore authorized by the Town, is amended
as follows:
|
Annual Income
|
Percent of Exemption
|
|---|---|
|
Up to an including $50,000
|
50%
|
|
More than $50,000, but less than $51,000
|
45%
|
|
$51,000 or more, but less than $52,000
|
40%
|
|
$52,000 or more, but less than $53,000
|
35%
|
|
$53,000 or more, but less than $53,900
|
30%
|
|
$53,900 or more, but less than $54,800
|
25%
|
|
$54,800 or more, but less than $55,700
|
20%
|
|
$55,700 or more, but less than $56,600
|
15%
|
|
$56,600 or more, but less than $57,500
|
10%
|
|
$57,500 or more, but less than $58,400
|
5%
|
This article shall take effect immediately upon filing with
the Secretary of State.
