[Adopted 4-21-1998 by L.L. No. 2-1998]
A. 
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 Oneida, 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 husband and wife, 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:
Annual Income of Owner or Combined Annual Income of Owner
Percentage Assessed Valuation Exempt from Taxation
Less than $12,000
50%
Equal to or more than $12,000 but less than $13,000
45%
Equal to or more than $13,000 but less than $14,000
40%
Equal to or more than $14,000 but less than $15,000
35%
Equal to or more than $15,000 but less than $15,900
30%
Equal to or more than $15,900 but less than $16,800
25%
Equal to or more than $16,800 but less than $17,700
20%
Equal to or more than $17,700 but less than $18,600
15%
Equal to or more than $18,600 but less than $19,500
10%
Equal to or more than $19,500 but less than $20,400
5%
B. 
The partial exemption provided by this article shall, however, be limited to such property and persons as meet the conditions, income and other 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 statute 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. 
Application for such exemption must be made by the owner or all of the owners of the property on forms prescribed by the State Board of Real Property Services furnished by the City of Oneida Assessment Office and shall furnish the information and be executed in the manner required or prescribed in such forms, and shall be filed in the Assessment Office on or before the appropriate taxable status date.
[Amended 12-19-2000 by L.L. No. 6-2000]
E. 
A conviction for having made a willful false statement on the application for such exemption shall be punishable by a fine of not more than $250 and shall disqualify the applicant or applicants from further exemption for a period of five years.