[Adopted 5-17-1999 by L.L. No. 1-1999 (Ch. 19B, Art. VI, of the 1981
Code)]
This article shall be known and may be cited as the "Persons
with Disabilities and Limited Income Tax Exemption."
This article is adopted in order to allow real property owned
by persons with disabilities whose income is limited by such disabilities
and used as the legal residence of such persons to be subject to a
partial exemption from taxation to the extent of 50% of assessed valuation.
This article is adopted pursuant to authority of Real Property
Tax Law § 459-c.
All definitions, terms and conditions of Real Property Tax Law
§ 459-c are effective for this article.
[Amended 5-1-2000 by L.L.
No. 1-2000; 4-2-2001; 3-17-2003; 5-3-2004; 2-17-2015 by L.L. No. 1-2015]
To be eligible for the exemption authorized by such § 459-c
and implemented by this article, the maximum income of such persons
shall not exceed $29,000 for the income tax year immediately preceding
the date of application for said exemption and to the extent provided
in the following schedule:
|
Annual Income
|
Percentage of Assessed Valuation Exempt From Taxation
|
|---|---|
|
Up to $29,000
|
50%
|
|
$29,000 or more 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%
|
[Added 5-1-2000 by L.L.
No. 1-2000]
Any amendment to § 314-15 shall be by resolution of the Town Board after a public hearing.
