This article is adopted pursuant to authority of Real Property Tax Law § 459-c. All definitions, terms and conditions of such statute shall apply to this article.
[Adopted 1-11-1999 by L.L. No. 1-1999]
[Amended 2-14-2007 by L.L. No. 1-2007; 2-27-2008 by L.L. No. 2-2008]
Pursuant to New York Real Property Tax Law § 459-c(a)(5), as amended by Chapter 187 of the Laws of 2006, the maximum income eligibility levels for the exemption for persons with disabilities shall increase in accordance with the following schedule:
Exemption | Income Limits by Income Tax Year | ||
|---|---|---|---|
2007 | 2008 | 2009 | |
50% | $27,000 | $28,000 | $29,000 |
45% | $28,000 | $29,000 | $30,000 |
40% | $29,000 | $30,000 | $31,000 |
35% | $30,000 | $31,000 | $32,000 |
30% | $30,900 | $31,900 | $32,900 |
25% | $31,800 | $32,800 | $33,800 |
20% | $32,700 | $33,700 | $34,700 |
15% | $33,600 | $34,600 | $35,600 |
10% | $34,500 | $35,500 | $36,500 |
5% | $35,400 | $36,400 | $37,400 |
[Amended 2-14-2007 by L.L. No. 1-2007; 2-27-2008 by L.L. No. 2-2008]
To be eligible for the exemption authorized by New York Real Property § 459-c and implemented by this article, no exemption shall be granted where the maximum income of such person exceeds $35,400 for 2007 income tax year, $36,400 for 2008 income tax year, and $37,400 for 2009 income tax year.