[Adopted 1-28-1998 by L.L. No. 2-1998]
The purpose of this article is to provide a
partial real property tax exemption for certain persons with disabilities
and limited incomes.
Pursuant to the provisions of § 459-c
of the Real Property Tax Law ("RPTL"), real property owned by one
or more persons with disabilities, as defined by RPTL § 459-c
Subdivision (2)(b), or real property owned by a husband, wife, or
both, or by siblings, at least one of whom has such a disability,
and whose income, as defined herein, is limited by reason of such
disability, shall be exempt from taxation to the extent of the percentage
of assessed valuation thereof as herein provided.
[Last amended 11-16-2006 by L.L. No. 5-2006]
All of the provisions, conditions, definitions
and requirements of § 459-c of the Real Property Tax Law
and amendments thereto shall apply to the application for and the
granting of such an exemption on the assessment roll of the Town of
Philipstown. The maximum income eligibility level of the owner or
owners of the property for the income tax year immediately preceding
the date of making application for exemption shall be based on the
maximum annual income range specified herein as follows:
A.
Beginning July 1, 2006:
|
Maximum Annual Income Range
|
Percentage of Assessed Valuation Exempt
from Taxation
|
|---|---|
|
$0 or more, but less than $26,000
|
50%
|
|
$26,000 or more, but less than $27,000
|
45%
|
|
$27,000 or more, but less than $28,000
|
40%
|
|
$28,000 or more, but less than $29,000
|
35%
|
|
$29,000 or more, but less than $29,900
|
30%
|
|
$29,900 or more, but less than $30,800
|
25%
|
|
$30,800 or more, but less than $31,700
|
20%
|
|
$31,700 or more, but less than $32,600
|
15%
|
|
$32,600 or more, but less than $33,500
|
10%
|
|
$33,500 or more, but less than $34,400
|
5%
|
|
$34,400 or more
|
0% (no exemption)
|
B.
Beginning July 1, 2007:
|
Maximum Annual Income Range
|
Percentage of Assessed Valuation Exempt
from Taxation
|
|---|---|
|
$0 or more, but less than $27,000
|
50%
|
|
$27,000 or more, but less than $28,000
|
45%
|
|
$28,000 or more, but less than $29,000
|
40%
|
|
$29,000 or more, but less than $30,000
|
35%
|
|
$30,000 or more, but less than $30,900
|
30%
|
|
$30,900 or more, but less than $31,800
|
25%
|
|
$31,800 or more, but less than $32,700
|
20%
|
|
$32,700 or more, but less than $33,600
|
15%
|
|
$33,600 or more, but less than $34,500
|
10%
|
|
$34,500 or more, but less than $35,400
|
5%
|
|
$35,400 or more
|
0% (no exemption)
|
C.
Beginning July 1, 2008:
|
Maximum Annual Income Range
|
Percentage of Assessed Valuation Exempt
from Taxation
|
|---|---|
|
$0 or more, but less than $28,000
|
50%
|
|
$28,000 or more, but less than $29,000
|
45%
|
|
$29,000 or more, but less than $30,000
|
40%
|
|
$30,000 or more, but less than $31,000
|
35%
|
|
$31,000 or more, but less than $31,900
|
30%
|
|
$31,900 or more, but less than $32,800
|
25%
|
|
$32,800 or more, but less than $33,700
|
20%
|
|
$33,700 or more, but less than $34,600
|
15%
|
|
$34,600 or more, but less than $35,500
|
10%
|
|
$35,500 or more, but less than $36,400
|
5%
|
|
$36,400 or more
|
0% (no exemption)
|
D.
Beginning July 1, 2009:
|
Maximum Annual Income Range
|
Percentage of Assessed Valuation Exempt
from Taxation
|
|---|---|
|
$0 or more, but less than $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%
|
|
$37,400 or more
|
0% (no exemption)
|
[Last amended 11-16-2006 by L.L. No. 5-2006]
This article shall apply to assessment rolls
beginning July 1, 2006, and me provisions of § 459-c of
the Real Property Tax Law, as amended, shall govern the granting of
exemptions.
