[Adopted 12-17-1997 by L.L. No. 7-1997; amended in its entirety at time of adoption of Code (see Ch. 1,
General Provisions, Art. I)]
The purpose of this article is to provide a
partial exemption from taxation imposed by the Town of Milton upon
real property situated within the Town of Milton owned by persons
with disabilities whose income is limited by such disabilities, and
used as the legal residence of such persons, pursuant to the authority
vested in the Town by § 459-c of the Real Property Tax Law
of the State of New York as amended or changed.
The provisions of § 459-c of the Real
Property Tax Law, as amended or changed, through the effective date
of this article, together with any further acts of legislation amendatory
thereof or supplemental thereto, shall apply to and govern the determination
of the exemption of taxation permitted by this article to the extent
specified in this article as if such § 459-c had been more
particularly set forth herein and as the same may be determined from
time to time by Town Board resolution.
To be eligible for the exemption authorized
by such § 459-c and implemented by this article, the maximum
income of such persons shall not exceed $16,500, or a lesser amount
determined by the Town Board, to qualify for the fifty-percent exemption.
However, any such person having a higher income shall be eligible
for exemption in accordance with the following schedule
|
Combined Income
|
Percentage Assessed Valuation Exempt from
Taxation
|
|---|---|
|
$0 to $16,500
|
50%
|
|
$16,500 but less than $17,500
|
45%
|
|
$17,500 but less than $18,500
|
40%
|
|
$18,500 but less than $19,500
|
35%
|
|
$19,500 but less than $20,400
|
30%
|
|
$20,400 but less than $21,300
|
25%
|
|
$21,300 but less than $22,200
|
20%
|
|
$22,200 but less than $23,100
|
15%
|
|
$23,100 but less than $24,000
|
10%
|
