Real property owned by persons with disabilities who qualify
under Real Property Tax Law § 459-c shall be exempt from
City taxes to the extent of 50% of the assessed valuation subject
to the following conditions:
A. Income limits.
Income Limit
|
Exemption
|
---|
Up to $35,000
|
50%
|
$35,001 to $36,000
|
45%
|
$36,001 to $37,000
|
40%
|
$37,001 to $38,000
|
35%
|
$38,001 to $38,900
|
30%
|
$38,901 to $39,800
|
25%
|
$39,801 to $40,700
|
20%
|
$40,701 to $41,600
|
15%
|
$41,601 to $42,500
|
10%
|
$42,501 to $43,400
|
5%
|
B. Application for such exemption must be made annually by the owner,
or all of the owners of the property, on forms prescribed by the NYS
Commissioner of Taxation and Finance, and shall be filed in such Assessor's
Office on or before the appropriate taxable status date; provided,
however, proof of a permanent disability need be submitted only in
the year exemption pursuant to this section is first sought or the
disability is first determined to be permanent.
C. Improvement to any real property used solely for residential purposes
as a one-, two- or three-family residence shall be exempt from taxation
to the extent of any increase in value attributable to such improvement
if such improvement is used for the purpose of facilitating and accommodating
the use and accessibility of such real property by a resident owner
of the real property who is physically disabled or a member of the
resident owner's household who is physically disabled if such member
resides in the real property. Such exemption shall apply to improvements
constructed prior to the effective date of this article.