[Adopted 10-20-1998 by L.L. No. 2-1998]
This chapter 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 chapter.
Real property owned by a person with disabilities whose income is limited by such disabilities, and which property is 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.
To be eligible for the exemption authorized by such § 459-c and implemented by this chapter, the maximum income of such person shall not exceed $6,000. Any such person having a higher income shall be eligible for exemption in accordance with the following schedule:
Annual Income
Percentage of Assessed Valuation Exempt From Taxation
More than $6,000 but less than $7,000
45%
$7,000 or more but less than $8,000
40%
$8,000 or more but less than $9,000
35%
$9,000 or more but less than $9,900
30%
$9,900 or more but less than $10,800
25%
$10,800 or more but less than $11,700
20%
$11,700 or more but less than $12,600
15%
$12,600 or more but less than $13,500
10%
$13,500 or more but less than $14,400
5%