[Adopted 10-18-1971; amended in its entirety 10-30-1995 by L.L. No.
5-1995]
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.
[Amended 8-5-2002 by L.L. No. 5-2002]
The maximum income level for the fifty-percent
exemption is established at $10,000.
