[Adopted 12-28-2005 by L.L. No. 9-2005]
In accordance with the authorization of subdivision 1 of § 459-c of the Real Property Tax Law, a partial exemption from real property taxation by the Town of Saugerties is granted for property described in § 459-c of the Real Property Tax Law.
[Amended 4-6-2011 by L.L. No. 3-2011; 8-15-2018 by L.L. No. 2-2018]
In accordance with the authorization of subdivision 1(b) of § 459-c of the Real Property Tax Law, the maximum income eligibility level and percentage of assessed value exempt from taxation are set in accordance with the following schedule:
Annual Income of Owner or Combined Incomes of Owners
Percentage of Assessed Value Exempt from Taxation
$29,000 or less
50%
More than $29,000 but less than $30,000
45%
More than $30,000 but less than $31,000
40%
More than $31,000 but less than $32,000
35%
More than $32,000 but less than $32,900
30%
More than $32,900 but less than $33,800
25%
More than $33,800 but less than $34,700
20%
More than $34,700 but less than $35,600
15%
More than $35,600 but less than $36,500
10%
More than $36,500 but less than $37,400
5%