[Adopted 4-12-2004 by L.L. No. 3-2004]
The purpose of this article is to provide a
tax exemption for real property to persons with disabilities who meet
the requirements set forth in Real Property Tax Law § 459-c.
[Amended 12-12-2011 by L.L. No. 5-2011]
A.
Subject to all of the conditions, definitions and
requirements set forth in § 459-c of the Real Property Tax
Law, real property owned by one or more persons with disabilities,
or real property owned by a husband and wife, or both, or by siblings,
at least one of whom has a disability, and whose income is limited
by reason of such disability, shall be exempt from taxation to the
extent set forth in the schedule below:
|
Annual Income
|
Percentage Exemption
|
|---|---|
|
Less than $16,501
|
50%
|
|
$16,501 but less than $17,500
|
45%
|
|
$17,501 but less than $18,500
|
40%
|
|
$18,501 but less than $19,500
|
35%
|
|
$19,501 but less than $20,500
|
30%
|
|
$20,501 but less than $21,500
|
25%
|
|
$21,501 but less than $22,500
|
20%
|
|
$22,501 but less than $23,500
|
15%
|
|
$23,501 but less than $24,500
|
10%
|
|
$24,501 but less than $25,500
|
5%
|
B.
The income schedule set forth above shall be that
for the latest preceding income tax year prior to the date of application.
Where title is vested in either the husband or wife, or one sibling,
their combined income may not exceed such sum.
