[Adopted 11-8-1984 by L.L. No. 1-1985]
An application for renewal of exemption granted
pursuant to Real Property Tax Law § 467-d may be filed on
or before the date for hearing of complaints in the Town of Parma.
[Added 1-17-1995 by L.L. No. 1-1995;
amended 4-18-2000 by L.L. No. 1-2000; 11-6-2002 by L.L. No. 3-2002; 12-2-2003 by L.L. No.
1-2003; 2-6-2007 by L.L. No. 1-2007; 3-5-2019 by L.L. No. 1-2019]
The various income levels and percentage of
exemption applicable thereto and the maximum income for exemption
from real property taxation pursuant to § 467 of the Real
Property Tax Law, as amended, shall be $26,000 and the sliding scale
exemption shall be granted to $32,400 for persons 65 years of age
and over as indicated below:
|
Annual Income
|
Percentage of Assessed Valuation Exempt
from Taxation
|
|---|---|
|
$0 to $29,000
|
50%
|
|
$29,001 to $30,000
|
45%
|
|
$30,001 to $31,000
|
40%
|
|
$31,001 to $32,000
|
35%
|
|
$32,001 to $32,900
|
30%
|
|
$32,901 to $33,800
|
25%
|
|
$33,801 to $34,700
|
20%
|
|
$34,701 to $35,600
|
15%
|
|
$35,601 to $36,500
|
10%
|
|
$36,501 to $37,400
|
5%
|
