RESOUTION NUMBER            APPROVING A BENEFIT SCHEDULE

FOR THE LOCAL SENIOR CITIZEN TAX RELIEF PROGRAM

FOR REAL ESTATE TAXES ON THE GRAND LIST OF OCTOBER 1, 2003

 

 

NOW THEREFORE BE IT RESOLVED BY THE 26TH BOARD OF REPRESENTATIVES THAT:

 

Pursuant to Section 220-9.1 of the Code of Ordinances, the Benefit Schedule for the Local Senior Citizen Tax Relief Program for real estate taxes on the Grand List of October 1, 2003, printed below, is hereby approved.

 

 

 

Estimated Benefit Schedule for Senior Citizen Tax Relief Program

Single

Income Level    Abatement Amount   Deferral Amount

 

0-9,999                   $ 1,000.00                  $  1,000.00

10,000-19,999        $    800.00                  $     875.00

20,000-29,999        $    600.00                  $     750.00

30,000-39,999        $    400.00                  $     625.00

40,000-49,999        $    200.00                  $     500.00

Married

Income Level    Abatement Amount   Deferral Amount

 

0-11,999                    $ 1,250.00               $1,250.00

12,000-23,999           $    950.00               $1,050.00

24,000-35,999           $    700.00               $   850.00

36,000-47,999           $    450.00               $   650.00

48,000-59,999           $    200.00               $   500.00