[Amended 4-14-2003 by L.L. No. 5-2003; 3-8-2004 by L.L. No. 6-2004; 3-24-2014 by L.L. No. 1-2014]
As authorized by Chapter 462 of the Laws of 2003 of New York State amending § 459-c of the New York State Real Property Tax Law, the maximum income limits and the percentage of assessed value exempt from tax for qualified disabled persons shall be as follows:
Annual Income | Percentage of Assessed Value |
|---|---|
$0 to $29,000.00 | 50% |
$29,000.01 to $29,999.99 | 45% |
$30,000.00 to $30,999.99 | 40% |
$31,000.00 to $31,999.99 | 35% |
$32,000.00 to $32,899.99 | 30% |
$32,900.00 to $33,799.99 | 25% |
$33,800.00 to $34,699.99 | 20% |
$34,700.00 to $35,599.99 | 15% |
$35,600.00 to $36,499.99 | 10% |
$36,500.00 to $37,399.99 | 5% |