[Adopted 5-19-1998 by L.L. No. 3-1998]
A partial exemption from taxation of the assessed valuation of real property which is owned by certain persons with limited income who are 65 years of age or older meeting the requirements set forth in § 467 of the Real Property Tax Law is hereby granted.
[Added 1-17-2017 by L.L. No. 1-2017[1]]
A. 
Real property owned by one or more persons, each of whom is 65 years of age or over, or real property owned by a husband and wife, or by siblings, one of whom is 65 years of age or over, shall be exempt from taxation for Town purposes to the extent as provided in the following schedule:
Annual Income
Exemption Percentage
Less than $21,000
50%
$21,000 to $21,999.99
45%
$22,000 to $22,999.99
40%
$23,000 to $23,999.99
35%
$24,000 to $24,899.99
30%
$24,900 to $25,799.99
25%
$25,800 to $26,699.99
20%
$26,700 to $27,599.99
15%
$27,600 to $28,499.99
10%
B. 
Any person otherwise qualifying under this section shall not be denied the exemption under this section if he or she becomes 65 years of age after the appropriate taxable status date and on or before December 31 of the same year.
C. 
This schedule shall be employed by the Town of Niagara Assessor in the preparation of any assessment roll beginning with the 2017-2018 assessment roll.
[1]
Editor's Note: This local law also repealed former § 225-29, Maximum income level.