[Adopted 12-13-2007 by L.L. No. 11-2007]
A. 
Real property owned by one or more persons with disabilities, or real property owned by a husband, wife, or both, or by siblings, at least one of whom has a disability, or real property owned by one or more persons, some of whom qualify under § 459-c of the State Real Property Tax Law and the others of whom qualify under § 467 of the State Real Property Tax Law, and whose income is limited by reason of such disability, shall be exempt from taxation by the Village of Southampton to the extent set forth in the following table, provided that all applicable provisions of § 459-c of the State Real Property Tax Law are met and satisfied.
Table of Income and Percentages
[Amended 9-11-2008]
Annual Income
Percentage of Assessed Valuation Exempt From Taxation
$28,000 or less
50%
More than $28,000 but less than $29,000
45%
$29,000 or more, but less than $30,000
40%
$30,000 or more, but less than $30,900
35%
$30,900 or more, but less than $31,800
30%
$31,800 or more, but less than $32,700
25%
$32,700 or more, but less than $33,600
20%
$33,600 or more, but less than $34,500
15%
$34,500 or more, but less than $35,400
10%
$35,400 or more, but less than $36,300
5%
B. 
The income eligibility levels set forth under the annual income column of the table in § 99-33A may be amended from time to time by resolution of the Village Board of Trustees, provided that any such amendment is authorized by § 459-c of the State Real Property Tax Law.