This article is adopted pursuant to the authority
of Real Property Tax Law § 459-c. All definitions, terms
and conditions of such statute shall apply to this article.
Real property owned by a person with disabilities,
whose income is limited by such disabilities, and used as the legal
residence of such person, shall be entitled to a partial exemption
from taxation to the extent of 50% of assessed valuation.
[Amended 12-20-2022 by L.L. No. 19-2022]
To be eligible for the maximum exemption of
50% authorized by such § 459-c and implemented by this article,
the maximum income of such person shall not exceed $50,000. Any person
having a higher income shall be eligible for the exemption in accordance
with the following schedule:
Annual Income
|
Percentage of Assessed Value Exempt from
Taxation
|
---|
$0 to $50,000.00
|
50%
|
$50,000.01 to $50,999.99
|
45%
|
$51,000.00 to $51,999.99
|
40%
|
$52,000.00 to $52,999.99
|
35%
|
$53,000.00 to $53,899.99
|
30%
|
$53,900.00 to $54,799.99
|
25%
|
$54,800.00 to $55,699.99
|
20%
|
$55,700.00 to $56,599.99
|
15%
|
$56,600.00 to $57,499.99
|
10%
|
$57,500.00 to $58,399.99
|
5%
|
No person receiving any senior citizen real
property tax exemption shall be eligible for any exemption pursuant
to this article.