[Adopted 2-15-2001 by L.L. No. 3-2001]
The intent of this article is to amend the Code of the Town of New Paltz to provide an exemption so as to increase the maximum income eligibility level for certain persons with disabilities so as to provide for an exemption eligibility consistent with the authority granted to the Town of New Paltz to do so as provided for in § 459-c of the Real Property Tax Law of the State of New York.
Subject to and consistent with all of the provisions contained at § 459-c of the Real Property Tax Law of the State of New York, the maximum income exemption eligibility level for partial tax exemption for persons with disabilities and of limited income is hereby established pursuant to the following schedule:
Annual Income
Percentage of Assessed Valuation Exempt From Taxation
$17,500 or less
50%
$17,500.01 or more, but less than $18,500
45%
$18,500 or more, but less than $19,500
40%
$19,500 or more, but less than $20,500
35%
$20,500 or more, but less than $21,400
30%
$21,400 or more, but less than $22,300
25%
$22,300 or more, but less than $23,200
20%
$23,200 or more, but less than $24,100
15%
$24,100 or more, but less than $25,000
10%