[Adopted 12-30-1998 by L.L. No. 4-1998]
This article is adopted pursuant to 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 10-4-2018 by L.L. No. 6-2018]
To be eligible for exemption authorized by such § 459-c
and implemented by this article, the maximum income of such person
shall not exceed $29,000. Any such person having a higher income shall
be eligible for exemption in accordance with the following schedule:
|
Annual Income
|
Exempt from Taxation Percentage Assessed Valuation
|
|---|---|
|
More than $0 but less than $29,000
|
50%
|
|
More than $29,000 but less than $30,000
|
45%
|
|
$30,000 or more but less than $31,000
|
40%
|
|
$31,000 or more but less than $32,000
|
35%
|
|
$32,000 or more but less than $32,900
|
30%
|
|
$32,900 or more but less than $33,800
|
25%
|
|
$33,800 or more but less than $34,700
|
20%
|
|
$34,700 or more but less than $35,600
|
15%
|
|
$35,600 or more but less than $36,500
|
10%
|
|
$36,500 or more but less than $37,400
|
5%
|
