A local law entitled "Partial Tax Exemption
of Real Property Owned by Persons with Disabilities and Limited Incomes."
Pursuant to § 459-c of the New York
State Real Property Tax Law, real property owned by one or more persons
with disabilities, or real property owned by a husband, wife, or both,
or by siblings, at least one of whom has a disability, and whose income,
as hereinafter defined, is limited by reason of disability, shall
be exempt from taxation by the City of Geneva to the extent of 50%
of the assessed valuation thereof, subject to the following conditions:
The definition of disabled, disabilities, siblings
and income, and statutes, shall be that as prescribed in § 459-c
of the New York State Real Property Tax Law, and all other mandatory
provisions of said law shall apply to this article.
The effective date of this article shall be
the first taxable status date following the passage of this law thereof.