A.
The Town Board of the Town of Milan adopts § 467 of the New York Real Property Tax Law, as amended, on the real property of aged persons whose income does not exceed the maximum limit as stated below (see Subsection B) pursuant to all the provisions contained in § 467 of the Real Property Tax Law of the State of New York.
B.
Income limits are as follows:
Annual Income | Exemption Amount (percent) | |
|---|---|---|
$16,500 or less | 50% | |
More than $16,500, but less than $17,100 | 45% | |
$17,100 or more, but less than $17,700 | 40% | |
$17,700 or more, but less than $18,300 | 35% | |
$18,300 or more, but less than $18,900 | 30% | |
$18,900 or more, but less than $19,500 | 25% | |
$19,500 or more, but less than $20,100 | 20% | |
$20,100 or more | 0% |