§ 148-2. Reduction schedule.

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 $18,500	50%
$18,500.00 to $19,499.99	45%
$19,500.00 to $20,499.99	40%
$20,500.00 to $21,499.99	35%
$21,500.00 to $22,399.99	30%
$22,400.00 to $23,299.99	25%
$23,300.00 to $24,199.99	20%
$24,200.00 to $25,099.99	15%
$25,100.00 to $25,999.99	10%
$26,000.00 to $26,899.99	5%

Amended 12-2-1980; 3-2-1986; 4-3-1990; 10-3-1994; 2-24-1997