Questions about eCode360? Municipal users Join us daily between 12pm and 1pm EDT to get answers and other tips!
Town of Schodack, NY
Rensselaer County
By using eCode360 you agree to be legally bound by the Terms of Use. If you do not agree to the Terms of Use, please do not use eCode360.
Table of Contents
Table of Contents
[Adopted 2-12-1998 by L.L. No. 1-1998]
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 2-8-2001 by L.L. No. 1-2001; 3-10-2003; 2-12-2004; 12-14-2006]
To be eligible for the exemption authorized by such § 459-c and implemented by this article, the maximum income of such person shall not exceed the amounts set forth below to qualify for the fifty-percent exemption. Any such person having a higher income shall be eligible for exemption in accordance with the following schedule:
A. 
For the year 2007:
Annual Income
Percentage of Assessed Valuation Exempt From Taxation
$26,000 or less
50%
More than $26,001 to $27,000
45%
More than $27,001 to $28,000
40%
More than $28,001 to $29,000
35%
More than $29,001 to $29,900
30%
More than $29,901 to $30,800
25%
More than $30,801 to $31,700
20%
More than $31,701 to $32,600
15%
More than $32,601 to $33,500
10%
More than $33,501 to $34,400
5%
B. 
For the year 2008:
Annual Income
Percentage of Assessed Valuation Exempt From Taxation
$27,000 or less
50%
More than $27,001 to $28,000
45%
More than $28,001 to $29,000
40%
More than $29,001 to $30,000
35%
More than $30,001 to $30,900
30%
More than $30,901 to $31,800
25%
More than $31,801 to $32,700
20%
More than $32,701 to $33,600
15%
More than $33,601 to $34,500
10%
More than $34,501 to $35,400
5%
C. 
For the year 2009:
Annual Income
Percentage of Assessed Valuation Exempt From Taxation
$28,000 or less
50%
More than $28,001 to $29,000
45%
More than $29,001 to $30,000
40%
More than $30,001 to $31,000
35%
More than $31,001 to $31,900
30%
More than $31,901 to $32,800
25%
More than $32,801 to $33,700
20%
More than $33,701 to $34,600
15%
More than $34,601 to $35,500
10%
More than $35,501 to $36,400
5%
D. 
For the year 2010:
Annual Income
Percentage of Assessed Valuation Exempt From Taxation
$29,000 or less
50%
More than $29,001 to $30,000
45%
More than $30,001 to $31,000
40%
More than $31,001 to $32,000
35%
More than $32,001 to $32,900
30%
More than $32,901 to $33,800
25%
More than $33,801 to $34,700
20%
More than $34,701 to $35,600
15%
More than $35,601 to $36,500
10%
More than $36,501 to $37,400
5%
[Added 2-8-2001 by L.L. No. 1-2001]
The Town Board of the Town of Schodack, after public hearing, may, by resolution, amend the income qualifications for the subject exemption.