A partial exemption from taxation to the extent of 50% of the assessed valuation of real property which is owned by certain persons with limited income who are 65 years of age or older meeting the requirements set forth in § 467 of the Real Property Tax Law is hereby granted.
[Adopted 10-3-1994 by L.L. No. 1-1994]
The maximum income level for the fifty-percent exemption is established at $10,800.