[Adopted 12-23-1976 by L.L. No. 11-1976 (Ch. 37 of the 1968 Code)]
As provided in Subdivision 7 of § 485-b
of the Real Property Tax Law, the exemption table set forth in Subdivision
2(a) of that section shall be amended to read as follows:
|
Years of Exemption
|
Percentage of Exemption
|
|---|---|
|
1
|
None
|
|
2
|
None
|
|
3
|
None
|
|
4
|
None
|
|
5
|
None
|
|
6
|
None
|
|
7
|
None
|
|
8
|
None
|
|
9
|
None
|
|
10
|
None
|
This article is subject to referendum on petition
and shall take effect as provided in the Municipal Home Rule Law,
and an additional copy shall be filed with the State Board of Real
Property Services.
