Local Law Filing NEW YORK STATE DEPARTMENT OF STATE
(Use this form to
file a local law with the Secretary of State.)
Text of law should be given as amended. Do not include
matter being eliminated and do not use italics or underlining to indicate new
matter.
City
of CHAMPION
Town
Local
Law No. 6 of
the year 2005
A local law A Local Law Increasing the Sliding
Scale Income Eligibility Range for Partial Real Property Tax Exemptions for
Certain Individuals Sixty-five years of age and over and amending Local Law #1
for 1986
Be it enacted by Town Board of
the
(Name of Legislative
Body)
County
City
of Town
of Champion as
follows:
Town
Section 1. Title and Authority. This local law shall be known as the “Local
Law Increasing the Sliding Scale Income Eligibility Range for Partial Real
Property Tax Exemptions for Certain Individuals Sixty-five Years of Age and Over
and Amending Local Law #1 for 1986.”
Section 2. Purpose. Pursuant to Section 467 of the Real Property
Tax Law, as amended, there is hereby established a sliding scale of income
eligibility for a partial real property tax exemption for certain individuals
sixty-five years of age and older, said income levels and percentages of
exemption being as follows:
Annual
Income
Percentage Assessed Valuation
Exempt
from Taxation
Less
than or equal to $12,800
50 per centum
More
than $12,800 but less than
or
equal to $13,800
45 per centum
More
than $13,800 but less than
or
equal to $14,800
40 per centum
More than $14,800 but less than
or
equal to $15,800
35 per centum
More
than $15,800 but less than
or
equal to $16,700 30
per centum
More
than $16.700 but less than
or
equal to $17,600
25 per centum
More
than $17,600 but less than
or equal to $18,500 20 per centum
Section 3. Effective Date. This law shall be effective upon filing with the
Secretary of State.