[Amended 12-16-2002 by L.L. No. 6-2002; 3-15-2004 by L.L. No. 5-2004; 10-2-2006 by L.L. No. 3-2006; 2-7-2011 by L.L. No.
1-2011]
Pursuant to § 459-c of the Real Property Tax Law, the Village of Victor hereby grants an exemption in real property assessments to those persons with disabilities and yearly incomes as stated in §
147-12. Qualified applicants may deduct from their incomes all medical and prescription drug expenses that are not reimbursed or paid by insurance.
To qualify for said exemption, an individual
must meet the requirements for disability ownership status, residency,
occupancy and income as set forth in § 459-c of the Real
Property Tax Law.
[Added 12-16-2002 by L.L. No. 6-2002; amended 3-15-2004 by L.L. No. 5-2004; 10-2-2006 by L.L. No. 3-2006; 4-2-2007 by L.L. No.
3-2007; 2-7-2011 by L.L. No. 1-2011; at time of adoption
of Code (see Ch. 1, General Provisions, Art. I)]
A. A disabled property owner earning income equal to
or less than the following scheduled amounts shall qualify for a 50%
persons with disabilities and low income exemption:
Income Year
|
50% Exemption Income
|
Assessment Roll Affected
|
---|
2009 and after
|
$29,000
|
2010 and after
|
B. Exemptions for income year 2009 and thereafter shall
be granted according to the following schedule:
Maximum Income as Defined in § 147-3
|
Percentage of Assessed Valuation Exempt
from Taxation
|
---|
$29,000.00
|
50%
|
$29,999.99
|
45%
|
$30,999.99
|
40%
|
$31,999.99
|
35%
|
$32,899.99
|
30%
|
$33,799.99
|
25%
|
$34,699.99
|
20%
|
$35,599.99
|
15%
|
$36,499.99
|
10%
|
$37,399.99
|
5%
|