[1]
Editor's Note: This local law also provided that it shall
take effect 11-30-2024 and apply to assessment rolls prepared on the
basis of taxable status dates occurring on and after 1-1-2025.
The City of Hudson does hereby 1) grant a tax exemption of up
to 50% of the assessed value of the owner-occupied residential property
within its corporate limits for persons with disabilities and limited
incomes meeting the qualifications of Real Property Tax Law § 459-c
and any amendments and revisions thereof, and 2) adopts the following
sliding scale schedule relative to income levels and the percentage
of assessed valuation exempt from taxation:
|
Annual Income
|
Percentage of Assessed Valuation Exempt From Taxation
|
|---|---|
|
$34,000 or less
|
50%
|
|
More than $34,000 but less than $35,000
|
45%
|
|
$35,000 or more but less than $36,000
|
40%
|
|
$36,000 or more but less than $37,000
|
35%
|
|
$37,000 or more but less than $37,900
|
30%
|
|
$37,900 or more but less than $38,800
|
25%
|
|
$38,800 or more but less than $39,700
|
20%
|
|
$39,700 or more but less than $40,600
|
15%
|
|
$40,600 or more but less than $41,500
|
10%
|
|
$41,500 or more but less than $42,400
|
5%
|
