[Amended 3-12-2003 by L.L. No. 2-2003]
The Town shall provide for a partial exemption
from real property taxation, pursuant to § 459-c of the
Real Property Tax Law, to persons with disabilities who have limited
incomes in accordance with the following:
Maximum Annual Income
|
Exempt Percentage
|
---|
$0 to $13,000
|
50%
|
$13,001 to $14,000
|
45%
|
$14,001 to $15,000
|
40%
|
$15,001 to $16,000
|
35%
|
$16,001 to $16,900
|
30%
|
$16,901 to $17,800
|
25%
|
$17,801 to $18,700
|
20%
|
$18,701 to $19,600
|
15%
|
$19,601 to $20,500
|
10%
|
$20,501 to $21,400
|
5%
|
The determination of eligibility, definitions,
computations of exemption, limitation of exemption, shares in cooperative
apartment corporations and annual application of exemption shall be
in compliance with § 459-c of the Real Property Tax Law
as now enacted or as hereafter amended, except for the maximum exemptions
hereinbefore stated.