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%
|