State law permits municipalities to offer property tax exemptions to lower-income senior citizens and persons with disabilities. Yesterday, the City Council voted to raise the eligibility level for such exemptions to an annual income of $32,400. The level of exemption varies from 5% up to 50%, depending upon the applicants precise income level. The Council also voted to increase the local property tax exemption for veterans. If you think you qualify and wish to apply, please contact the New Rochelle Tax Office at 654-2060.