[Adopted 1-6-1999 by L.L. No. 1-1999]
A.
This article is enacted pursuant to § 459-c
of the Real Property Tax Law of the State of New York as enacted by
Chapter 315 of the Laws of 1997.
B.
Exemption granted.
(1)
Pursuant to the provisions of § 459-c of
the Real Property Tax Law of the State of New York, real property
located in the City of Ithaca owned by one or more persons, each of
whom is disabled and whose income is limited by reason of such disability,
or real property owned by a married couple or siblings, one of whom
is disabled and whose income is limited by reason of such disability,
shall be partially exempt from taxation by said City for the applicable
taxes specified in § 459-c based upon the income of the
owner or combined income of the owners. Such partial exemption shall
be to the extent set forth in the schedule following:
[Amended 1-3-2001 by L.L. No. 1-2001; 1-15-2003 by L.L. No.
1-2003; 2-4-2004 by L.L. No. 1-2004; 12-6-2006 by L.L. No. 4-2006; 12-5-2007 by L.L. No. 7-2007; 2-4-2009 by L.L. No. 1-2009; 12-2-2009 by L.L. No.
2-2009; 10-2-2013 by Ord. No. 2013-14]
|
Annual Income of Owner or Combined Annual
Income of Owners
|
Assessed Valuation
Exempt from Taxation
| |
|---|---|---|
|
Up to but less than $29,000
|
50%
| |
|
Up to but less than $30,000
|
45%
| |
|
Up to but less than $31,000
|
40%
| |
|
Up to but less than $32,000
|
35%
| |
|
Up to but less than $32,900
|
30%
| |
|
Up to but less than $33,800
|
25%
| |
|
Up to but less than $34,700
|
20%
| |
|
Up to but less than $35,600
|
15%
| |
|
Up to but less than $36,500
|
10%
| |
|
Up to but less than $37,400
|
5%
|
(2)
This partial exemption provided by this article shall,
however, be limited to such property and persons as meet the conditions,
qualifications, exclusions, and limitations set forth in § 459-c
of the Real Property Tax Law of the State of New York. This article
shall be administered in accordance with said sections of the Real
Property Tax Law, as now adopted, and as they may be amended from
time to time, and the provisions of said section, as provided in § 459-c,
shall be applicable to the effectuation of the exemption provided
for in this article.
C.
Title to that portion of real property owned by a
cooperative apartment corporation in which a tenant-stockholder of
such corporation resides, and which is represented by his share or
shares of stock in such corporation as determined by its or their
proportional relationship to the total outstanding stock of the corporation,
including that owned by the corporation, shall be deemed to be vested
in such tenant-stockholder.
D.
Applications for such exemption must be made by the
owner or all of the owners of the property on forms prescribed by
the State Board to be furnished by the Tompkins County Assessment
Department and shall furnish the information and be executed in the
manner required or prescribed in such forms, and shall be filed in
the Assessment Department office on or before the appropriate taxable
status date.
E.
Any conviction of having made any willful false statement
of the application for such exemption shall be punishable by a fine
of not more than $100 and shall disqualify the applicant or applicants
from further exemption for a period of five years.
F.
This article shall be applicable to the City for the
year 1999 and thereafter, and the provisions of said article shall
govern the granting of an exemption under § 459-c, notwithstanding
any contrary provisions of the section.
