[Adopted 5-20-1998 by L.L. No. 1-1998]
This chapter is adopted pursuant to the authority of Real Property Tax Law § 459-c, and 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 used as the legal residence of such persons, 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 § 459-c and implemented by this article, the maximum income of such person shall not exceed $15,000. Any such person having a higher income shall be eligible for exemption in accordance with the following schedule: