[HISTORY: Adopted by the Board of Trustees
of the Village of Sea Cliff 12-17-1990 by L.L. No. 1-1990; amended in its entirety 9-6-2011. Subsequent amendments noted
where applicable.]
GENERAL REFERENCES
Taxation — See Ch. 117.
The exemption from taxation shall not be granted
if the income of the owner or combined income of the owners of the
property, for the income tax year immediately preceding the date of
making application for exemption, exceeds the following amount: $29,000.
The maximum income eligibility level as provided in § A159-1 above is hereby increased to the extent provided in the following schedule:
|
Annual Income
|
Percentage of Assessed Valuation Exempt
From Taxation
|
|---|---|
|
$29,000 or less
|
50%
|
|
More than $29,000 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%
|
