[Adopted 4-21-1998 by L.L. No. 2-1998]
This article is adopted pursuant to the authority of Real Property Tax Law § 459-c. All definitions, terms and conditions of such statute shall apply to this article.
Real property owned by a person with disabilities, whose income is limited by such disabilities, and used as the legal residence of such person, shall be entitled to a partial exemption from taxation to the extent of 50% of assessed valuation.
[Amended 12-20-2022 by L.L. No. 19-2022]
To be eligible for the maximum exemption of 50% authorized by such § 459-c and implemented by this article, the maximum income of such person shall not exceed $50,000. Any person having a higher income shall be eligible for the exemption in accordance with the following schedule:
Annual Income
Percentage of Assessed Value Exempt from Taxation
$0 to $50,000.00
50%
$50,000.01 to $50,999.99
45%
$51,000.00 to $51,999.99
40%
$52,000.00 to $52,999.99
35%
$53,000.00 to $53,899.99
30%
$53,900.00 to $54,799.99
25%
$54,800.00 to $55,699.99
20%
$55,700.00 to $56,599.99
15%
$56,600.00 to $57,499.99
10%
$57,500.00 to $58,399.99
5%
No person receiving any senior citizen real property tax exemption shall be eligible for any exemption pursuant to this article.