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.
Real property owned by a person with disabilities
whose income is limited by such disabilities, and used as the legal
residence of such person, shall be entitled to a partial exemption
from taxation to the extent of 50% of assessed valuation.
[Amended 1-4-1999 by L.L. No. 1-1999; 1-13-2000 by L.L. No.
1-2000; 12-14-2000 by L.L. No. 4-2000; 1-10-2002 by L.L. No. 1-2002; 12-12-2002 by L.L. No. 4-2002; 12-11-2003 by L.L. No. 1-2003; 1-13-2005 by L.L. No. 1-2005; 11-10-2005 by L.L. No. 3-2005; 11-9-2006 by L.L. No. 2-2006; 11-8-2007 by L.L. No. 3-2007; 11-13-2008 by L.L. No.
1-2008; 11-8-2012 by L.L. No. 2-2012]
To be eligible for the exemption authorized
by Real Property Tax Law § 459-c and implemented by this
article, the maximum income of such person shall not exceed $20,000.
Any such person having a higher income shall be eligible for an exemption
in accordance with the following schedule:
Annual Income
|
Percentage of Assessed Valuation Exempt
from Taxation
|
---|
$0.00 to $20,000.00
|
50%
|
$20,000.01 to $20,999.99
|
45%
|
$21,000.00 to $21,999.99
|
40%
|
$22,000.00 to $22,999.99
|
35%
|
$23,000.00 to $23,899.99
|
30%
|
$23,900.00 to $24,799.99
|
25%
|
$24,800.00 to $25,699.99
|
20%
|
$25,700.00 to $26,599.99
|
15%
|
$26,600.00 to $27,499.99
|
10%
|
$27,500.00 to $28,399.99
|
5%
|