[Amended 1-22-1990; 11-23-1992; 1-23-1995; 4-22-1996; 2-24-1997; 5-24-1999 by L.L. No.
3-1999; 3-12-2001 by L.L. No. 1-2001; 4-14-2003 by L.L. No. 6-2003; 3-8-2004 by L.L. No. 5-2004; 3-12-2007 by L.L. No. 1-2007; 4-26-2010 by L.L. No. 4-2010]
As authorized by Chapter 512 of the Laws of
2003 of New York State amending § 467 of the New York State
Real Property Tax Law, the maximum income limits and the percentage
of assessed value exempt from tax for qualified senior citizens shall
be as follows:
Annual Income
|
Percentage of Assessed Value Exempt From
Taxation
|
---|
$0 to $29,000
|
50%
|
$29,000.01 to $29,999.99
|
45%
|
$30,000 to $30,999.99
|
40%
|
$31,000 to $31,999.99
|
35%
|
$32,000 to $32,899.99
|
30%
|
$32,900 to $33,799.99
|
25%
|
$33,800 to $34,699.99
|
20%
|
$34,700 to $35,599.99
|
15%
|
$35,600 to $36,499.99
|
10%
|
$36,500 to $37,399.99
|
5%
|
This article shall take effect immediately but
shall only apply to assessment rolls prepared on the basis of taxable
status dates after January 1, 1987.