[Adopted 1-14-2008 by L.L. No. 2-2008]
This article shall be known as the "Persons
With Disabilities and Limited Income Exemption of the Town of New
Lebanon."
A partial exemption from taxation to the extent
of 50% of the assessed valuation of real property which is owned by
certain persons with disabilities and with limited income meeting
the requirements set forth in § 459-c of the Real Property
Tax Law is hereby granted.
[Amended 4-9-2019 by L.L.
No. 1-2019; 11-14-2023 by L.L. No. 8-2023]
A.
With regard to the 2024 assessment roll and continuing thereafter
until a different maximum income level and partial exemption schedule
is adopted by the Town Board of the Town of New Lebanon, the maximum
income level for the 50% exemption for persons with disabilities and
limited incomes shall be established at $34,000, and the following
partial exemptions are hereby established:
|
Annual Income
|
Percentage of Assessed Valuation Exempt from Taxation
|
|---|---|
|
$34,000 or less
|
50%
|
|
$34,000.01 to $34,999.99
|
45%
|
|
$35,000 to $35,999.99
|
40%
|
|
$36,000 to $36,999.99
|
35%
|
|
$37,000 to $37,899.99
|
30%
|
|
$37,900 to $38,799.99
|
25%
|
|
$38,800 to $39,699.99
|
20%
|
|
$39,700 to $40,599.99
|
15%
|
|
$40,600 to $41,499.99
|
10%
|
|
$41,500 to $42,399.99
|
5%
|
B.
(Reserved)
