[Adopted 2-8-1967]
[Added 2-27-1992; amended 2-16-1995; 4-27-2000 by L.L. No. 1-2000; 2-15-2001 by Res. No. 14; 2-16-2006 by Res. No. 18; 2-21-2008 by Res. No. 16; 2-17-2011 by Res. No. 17]
Pursuant to the provisions of § 467
of the Real Property Tax Law, the maximum amount of yearly income
for the fifty-percent real property tax exemption for persons 65 years
of age or over shall be $29,000, and the yearly income ceilings for
partial exemptions shall be as follows:
|
Income
|
Exemption
|
|---|---|
|
$29,000
|
50%
|
|
$29,001 to $29,999
|
45%
|
|
$30,000 to $30,999
|
40%
|
|
$31,000 to $31,999
|
35%
|
|
$32,000 to $32,899
|
30%
|
|
$32,900 to $33,799
|
25%
|
|
$33,800 to $34,699
|
20%
|
|
$34,700 to $35,599
|
15%
|
|
$35,600 to $36,499
|
10%
|
|
$36,500 to $37,399
|
5%
|
