[HISTORY: Adopted by the Town Board of the
Town of Cato as indicated in article histories. Amendments noted where
applicable.]
[Adopted 5-6-1969; amended in its entirety 7-2-1991 by L.L. No. 1-1991]
[Amended 1-5-1993; 2-7-1995; 2-6-1996; 1-7-2003; 7-3-2007]
The Town of Cato hereby elects to grant a real
property tax exemption to persons over the age of 65 years, subject
to all the conditions and provisions contained in § 467-d
of the Real Property Tax Law, to the extents indicated below:
|
Income Range
|
Percentage of Exemption
|
|---|---|
|
$18,700 or less
|
50%
|
|
$18,701 to $19,600
|
45%
|
|
$20,501 to $21,400
|
40%
|
|
$21,401 to $22,300
|
35%
|
|
$22,301 to $23,200
|
30%
|
|
$23,201 to $24,100
|
25%
|
|
$24,101 to $25,000
|
20%
|
