The purpose of this article is to provide that no exemption from real
property taxes shall be granted pursuant to § 458-a of the Real
Property Tax Law of the State of New York.
Pursuant to the provisions of Subdivision 4 of § 458-a of
the Real Property Tax Law of the State of New York, no exemption from real
property taxes shall be granted pursuant to § 458-a of the Real
Property Tax Law for purposes of real property taxes levied for the Village
of Newark Valley.