[Amended 3-17-1998 by L.L. No. 4-1998; 4-20-2004 by L.L. No. 5-2004; 3-21-2006 by L.L. No. 4-2006; 3-18-2014 by L.L. No.
1-2014; 9-21-2021 by L.L. No. 3-2021]
The exemptions permitted by § 458-a
of the Real Property Tax Law in Subdivision 2(a), (b) and (c) thereof
shall be limited as follows:
A. For Subdivision 2(a), the sum applicable shall be
$75,000.
B. For Subdivision 2(b), the sum applicable shall be
$50,000.
C. For Subdivision 2(c), the cumulative sum applicable
shall be $250,000.
[Added 3-17-1998 by L.L. No. 5-1998]
The exemptions permitted by § 458-a of the Real Property Tax Law in Subdivision 2(a), (b) and (c) thereof as limited by §
288-14 of the Code of the City of New Rochelle shall apply to real property owned by a cooperative corporation in addition to other qualifying residential real property.