[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%
|
