[Adopted 9-24-1998 by Ord. No. 1672; amended in its entirety 12-21-2006 by Ord. No. 1796]
[Amended 1-29-2009 by Ord. No. 1841; 2-18-2010 by Ord. No. 1857]
A. 
As provided in § 459-c of the Real Property Tax Law, disabled persons tax exemptions will be based upon the following sliding scale:
Annual Income
Percentage of Exemption
More than $36,500 but less than $37,400
5%
More than $35,600 but less than $36,500
10%
More than $34,700 but less than $35,600
15%
More than $33,800 but less than $34,700
20%
More than $32,900 but less than $33,800
25%
More than $32,000 but less than $32,900
30%
More than $31,000 but less than $32,000
35%
More than $30,000 but less than $31,000
40%
More than $29,000 but less than $30,000
45%
$29,000 or less
50%
B. 
"Income tax year" shall mean the twelve-month period for which the owner or owners filed a federal personal income tax return or, if no such return is filed, the calendar year. Where title is vested in either the husband or the wife, their combined income may not exceed such sum. Such income shall include social security and retirement benefits, interest, dividends, total gain from the sale or exchange of a capital asset which may be offset by a loss from the sale or exchange of a capital asset in the same income tax year, net rental income, salary or earnings, and net income from self-employment, but shall not include a return of capital, gifts or inheritance. In computing net rental income and net income from self-employment, no depreciation deduction shall be allowed for the exhaustion or wear and tear of real or personal property held for the production of income.