[Added 7-3-2000 by L.L. No. 3-2000]
Real property owned by one or more persons with
disabilities, or real property owned by a husband, wife, or both,
or by siblings, at least one of whom has a disability, and whose income,
as defined in § 459-c of the Real Property Tax Law, is limited
by reason of such disability, shall be exempt from taxation by any
municipal corporation in which located to the extent of 50% of the
assessed evaluation as provided in said § 459-c.
[Amended 2-2-2004 by L.L. No. 1-2004; 2-5-2007 by L.L. No. 1-2007]
Furthermore, real property owned by one or more
persons with disabilities, or real property owned by a husband, wife,
or both, or by siblings, at least one of whom has a disability, and
whose income, as defined in said section, is limited by reason of
such disability and is in excess of $26,000, shall be partially exempt
from taxation by any municipal corporation in which located, subject
to the sliding scale income/exemption schedule as provided in said
§ 459-c and as shown below:
|
Annual Income
|
Percentage Of Assessed Valuation Exempt
From Taxation
|
|---|---|
|
Up to $26,000
|
50%
|
|
More than $26,000 but less than $27,000
|
45%
|
|
$27,000 or more but less than $28,000
|
40%
|
|
$28,000 or more but less than $29,000
|
35%
|
|
$29,000 or more but less than $29,900
|
30%
|
|
$29,900 or more but less than $30,800
|
25%
|
|
$30,800 or more but less than $31,700
|
20%
|
|
$31,700 or more but less than $32,600
|
15%
|
|
$32,600 or more but less than $33,500
|
10%
|
|
$33,500 or more but less than $34,400
|
5%
|
