[Amended 12-2-1980; 3-2-1986; 4-3-1990; 10-3-1994; 2-24-1997; 8-28-2023 by L.L. No. 4-2023]
Pursuant to the provisions of § 467
of the Real Property Tax Law of the State of New York, the Town of
Malta may grant further partial exemptions on a decreasing basis in
accordance with the following schedule:
Annual Income
|
Percentage Exempted
|
---|
Up to $30,000
|
50%
|
$30,000.01 to $30,999.99
|
45%
|
$31,000 to $31,999,99
|
40%
|
$32,000 to $32,999.99
|
35%
|
$33,000 to $33,899.99
|
30%
|
$33,900 to $34,799.99
|
25%
|
$34,800 to $35,699.99
|
20%
|
$35,700 to $36,599.99
|
15%
|
$36,600 to $37,499.99
|
10%
|
$37,500 to $38,399.99
|
5%
|
[Added 4-7-1997]
Pursuant to the provisions of § 467
of the New York State Real Property Tax Law, the Town of Malta hereby
adopts the option to allow the exclusion of medical and prescription
drug expenses which were actually paid or were not reimbursed or paid
by insurance from the definition of income for the purposes of the
senior citizens exemption.
[Added 2-7-2000; amended 3-5-2001]
Pursuant to the provisions of § 467
of the New York State Real Property Tax Law, the Town of Malta hereby
adopts the option which provides that any person otherwise qualifying
under § 467 of the New York State Real Property Tax Law
shall not be denied the exemption provided for therein if he becomes
65 years of age after the appropriate taxable status date and on or
before December 31 of the same year.