[Adopted 11-14-1977 by L.L. No.
27-1977 as Ch. 95, Art. II, of the 1977 Code[1]]
[1]
Editor's Note: This article was originally
adopted 8-29-1977 by resolution.
[Amended 11-19-1991 by L.L. No. 9-1991]
The Village of Piermont hereby adopts the provisions
of § 467, Subdivision 1(b), of the Real Property Tax Law
of the State of New York as the same may be amended from time to time.
[Added 1-24-2006 by L.L. No. 1-2006;
amended 2-20-2024 by L.L. No. 1-2024]
The income schedule for the senior citizens
tax abatement shall be as follows:
|
Income
|
Exemption Percentage
|
|---|---|
|
$50,000 or less
|
50%
|
|
More than $50,000 but less than $51,000
|
45%
|
|
More than $51,000 but less than $52,000
|
40%
|
|
More than $52,000 but less than $53,000
|
35%
|
|
More than $53,000 but less than $53,900
|
30%
|
|
More than $53,900 but less than $54,800
|
25%
|
|
More than $54,800 but less than $55,700
|
20%
|
|
More than $55,700 but less than $56,600
|
15%
|
|
More than $56,600 but less than $57,500
|
10%
|
|
More than $57,500 but less than $58,400
|
5%
|
