[Adopted 2-26-2007 by L.L. No. 2-2007[1]]
[1]
Editor's Note: This local law provided that
it shall apply to assessed valuations for the 3-1-2007 taxable status
date and thereafter. The income limits shall not apply retroactively.
In accordance with the provisions of § 459-c
of the Real Property Tax Law of the State of New York, there is hereby
granted an exemption from Town taxes to the extent of up to 50% thereof
of the assessed valuation of real property owned by one or more persons
with disabilities, or real property owned by a husband, wife or both,
or by siblings, at least one of whom has a disability and whose income
is limited by reason of such disability, or held in trust solely for
the benefit of a person or persons who would otherwise be eligible
for such exemption, within the Town of Highlands, Orange County, New
York based upon the following schedule:
|
Maximum Income Exemption Eligibility
|
Percentage of Assessed Valuation Exempt
from Taxation
|
|---|---|
|
Not more than $24,000
|
50%
|
|
$24,000 or more but less than $25,000
|
45%
|
|
$25,000 or more but less than $26,000
|
40%
|
|
$26,000 or more but less than $27,000
|
35%
|
|
$27,000 or more but less than $27,900
|
30%
|
|
$27,900, or more but less than $28,800
|
25%
|
|
$28,800 or more but less than $29,700
|
20%
|
|
$29,700 or more but less than $30,600
|
15%
|
|
$30,600 or more but less than $31,500
|
10%
|
|
$31,500 or more but less than $32,400
|
5%
|
A.
All such exemptions are subject to the qualifications
for entitlement thereto contained in § 459-c of the Real
Property Tax Law.
B.
Application for such exemption must be made annually
by the owner, or all of the owners of the property, on forms prescribed
by the state, and shall be filed in the Assessor's office on or before
the appropriate taxable status date; provided, however, that proof
of a permanent disability need be submitted only in the year an exemption
pursuant to this article is first sought or the disability is first
determined to be permanent.
