[Adopted 10-16-1973 by L.L. No. 1-1973 (Ch. 106, Art. II, of the 1973 Code)]
The City of Hudson does hereby grant a tax exemption
of 50% on real property within its said corporate limits owned by
persons 65 years of age or over, pursuant to the provisions and qualifications
as set forth in § 467 of the Real Property Tax Law of the
State of New York, and the amendments and revisions thereof.
[Last amended 2-20-2007 by L.L. No. 1-2007]
No exemption shall be granted 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 the sum of $34,399.99, as set forth in § 467,
Subdivision 3(a), of the Real Property Tax Law of the State of New
York.
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Exemption
|
Gross Income
|
|
50%
|
$0 to $26,000
|
|
45%
|
$26,000.01 to $26, 999.99
|
|
40%
|
$27,000 to $27, 999.99
|
|
35%
|
$28,000 to $28, 999.99
|
|
30%
|
$29,000 to $29,899.99
|
|
25%
|
$29,900 to $30,799.99
|
|
20%
|
$30,800 to $31,699.99
|
|
15%
|
$31,700 to $32,599.99
|
|
10%
|
$32,600 to $33,499.99
|
|
5%
|
$33,500 to $34,399.99
|
