[Adopted 2-22-2018 by L.L. No. 2-2018]
It is the intent and purpose of this article to afford qualifying disabled persons in the Town of Wallkill certain tax exemptions as authorized under § 459-c of the Real Property Tax Law in this state.
As provided in Paragraph 5(a) of Real Property Tax Law § 459-c, the value (M), as it is used herein with respect to annual income, shall be $29,000.
The following chart shall apply for calculating disability exemption limits in relation to annual income:
Annual Income Range
Percentage Assessed Valuation Exempt from Taxation
Less than $29,000.00
50%
$29,000.01 but less than $29,999.99
45%
$30,000.00 but less than $30,999.99
40%
$31,000.00 but less than $31,999.99
35%
$32,000.00 but less than $32,899.99
30%
$32,900.00 but less than $33,799.99
25%
$33,800.00 but less than $34,699.99
20%
$34,700.00 but less than $35,599.99
15%
$35,600.00 but less than $36,499.99
10%
$36,500.00 but less than $37,399.99
5%