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HomeMy WebLinkAboutLL 01 of 2000 Tax Exemption Disabled Persons.pdff \ f \ /N, /N TOWN OF ITHACA LOCAL LAW NO.1 OF THE YEAR 2000 A LOCAL LAW PROVIDING FOR A PARTIAL TAX EXEMPTION FOR REAL PROPERTY OWNED BY DISABLED PERSONS WITH LIMITED INCOMES Be it enacted by the Town Board of the Town of Ithaca as follows: 1.This law is enacted pursuant to Section 459-c of the Real Property Tax Law of the State of New York as amended through Chapter 410 of the Laws of 1999. 2.Pursuant to the provisions of Section 459-c of the Real Property Tax Law of the State of New York, real property located in the Town of Ithaca, owned by one or more persons with disabilities as defined in Section 459-c,or by a husband,wife, or both,or by siblings,at least one of whom has such a disability,and whose income is limited by reason of such disability, shall be partially exempt from taxation by said Town for the applicable taxes specified in said Section 459-c based upon the income of the owner or combined incomes of the owners.Such partial exemption shall be to the extent set forth in the schedule following: ANNUAL INCOME OF OWNER PERCENTAGE ASSESSED OR COMBINED ANNUAL INCOME VALUATION EXEMPT OF OWNERS FROM TAXATION Up to and including $19,500.00 50% More than $19,500.00 but less than $20,500.00 45% $20,500.00 or more but less than $21,500.00 40% $21,500.00 or more but less than $22,500.00 35% $22,500.00 or more but less than $23,400.00 30% $23,400.00 or more but less than $24,300.00 25% $24,300.00 or more but less than $25,200.00 20% $25,200.00 or more but less than $26,100.00 15% f \ f \ Disa-tax.99,wp51\ith\locallaw,February 15. 2000 7:29pm $26,100.00 or more but less than $27,000.00 10% $27,000.00 or more but less than $27,900.00 5% The partial exemption provided by this law shall, however, be limited to such property and persons as meet the conditions, qualification, exclusions and limitations set forth in Section 459-c of the Real Property Tax Law of the State of New York.This local law shall be administered in accordance with said section of the Real Property Tax Law as now adopted and as it may be amended from time to time, and the provisions of said section shall be applicable to the effectuation of the exemption provided for in this local law.Without limiting the foregoing,the partial exemption authorized by this local law shall be computed in accordance with the provisions of Section 459-c and shall not apply to real property for which a partial exemption has been received pursuant to the provisions of Section 467 of the Real Property Tax Law of the State of New York as applied to the Town of Ithaca by the provisions of Town of Ithaca Local Law No. 1 of the year 1971 as amended from time to time. 3.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 of Equalization and Assessment of the State of New York (or any successor agency) to be furnished by the appropriate assessing authority and shall furnish the information and be executed in the manner required or prescribed in such forms, and shall be filed in such assessor's office on or before the appropriate taxable status date. 4. 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 One Hundred Dollars ($100.00)and shall disqualify the applicant or applicants from further exemption for a period of five (5) years. 5.This local law shall become effective as set forth below and shall apply to assessment rolls prepared on the basis of taxable status dates occurring on or after March 1, 2000. 6. If any provision of this law is found invalid by any court of competent jurisdiction, such invalidity shall not affect any other provisions of this local law which shall remain in full force and effect. 7.This local law shall take effect immediately. PUBLISHED:MONDAY,MARCH 20,2000 Deborah A.Kelley,Deputy Town Clerk