[Adopted 12-15-1997 by L.L. No. 4-1997]
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.
The maximum income level for the fifty-percent exemption is
established at $6,000.
