[Adopted by the Board of Representatives (now County
Legislature) 2-3-1998 by L.L. No. 1-1998]
This article is enacted pursuant to § 459-c
of the Real Property Tax Law of the State of New York as enacted by
Chapter 315 of the laws of 1997.
[Amended 4-4-2000 by L.L. No. 4-2000; 3-6-2001 by L.L. No. 1-2001]
A.
Pursuant to the provisions of § 459-c of
the Real Property Tax Law of the State of New York, real property
located in the County of Tompkins, owned by one or more persons each
of whom is disabled and whose income is limited by reason of such
disability or real property owned by husband and wife, or siblings
one of whom is disabled and whose income is limited by reason of such
disability, shall be partially exempt from taxation by said County
for the applicable taxes specified in § 459-c based upon
the income of the owner or combined income of the owners. Such partial
exemption shall be to the extent set forth in the schedule following:
|
Annual Income of Owner or Combined Annual
Income of Owner
|
Percentage Assessed Valuation Exempt From
Taxation
|
|---|---|
|
M or less than M
|
50%
|
|
More than (M) but less than (M + $1,000)
|
45%
|
|
(M + $1,000 or more) but less than (M + $2,000)
|
40%
|
|
(M + $2,000 or more) but less than (M + $3,000)
|
35%
|
|
(M + $3,000 or more) but less than (M + $3,900)
|
30%
|
|
(M + $3,900 or more) but less than (M + $4,800)
|
25%
|
|
(M + $4,800 or more) but less than (M + $5,700)
|
20%
|
|
(M + $5,700 or more) but less than (M + $6,600)
|
15%
|
|
(M + $6,600 or more) but less than (M + $7,500)
|
10%
|
|
(M + $7,500 or more) but less than (M + $8,400)
|
5%
|
|
M = the maximum income eligibility level as
set by the County Legislature and consistent with § 459-c
of the Real Property Tax Law.
| |
B.
This partial exemption provided by this article shall,
however, be limited to such property and persons as meet the conditions,
qualifications, exclusions, and limitations set forth in § 459-c
of the Real Property Tax Law of the State of New York. This article
shall be administered in accordance with said sections of the Real
Property Tax Law, as now adopted, and as they may be amended from
time to time, and the provisions of said section as provided in § 459-c
shall be applicable to the effectuation of the exemption provided
for in this article.
Title to that portion of real property owned
by a cooperative apartment corporation in which a tenant-stockholder
of such corporation resides, and which is represented by his share
or shares of stock in such corporation as determined by its or their
proportional relationship to the total outstanding stock of the corporation,
including that owned by the corporation, shall be deemed to be vested
in such tenant-stockholder.
Application for such exemption must be made
by the owner or all of the owners of the property on forms prescribed
by the State Board to be furnished by the Tompkins County Assessment
Department and shall furnish the information and be executed in the
manner required or prescribed in such forms, and shall be filed in
the Assessment Department office on or before the appropriate taxable
status date.
Any conviction of having made any willful false
statement of the application for such exemption shall be punishable
by a fine of not more than $100 and shall disqualify the applicant
or applicants from further exemption for a period of five years.
This article shall be applicable to the County
tax for the year 1999 and thereafter and the provisions of said article
shall govern the granting of an exemption under § 459-c
of the Real Property Tax Law, notwithstanding any contrary provisions
of the section.
