[Adopted 3-14-1990 by Ord. No. 1-1990 (Ch. 144, Art. I, of
the 1986 Code)]
The purpose of this article is to make § 467 of the
Real Property Tax Law of the State of New York applicable to the Town
of Poestenkill and to provide to the senior citizens of the Town of
Poestenkill the greatest tax exemption currently available pursuant
to said section.
In accordance with the Real Property Tax Law § 467,
it is hereby provided that there is in effect in the Town of Poestenkill
a graduated maximum income exemption eligibility level for the granting
of partial exemption from real property taxation for certain persons
65 years of age or older. Specifically, § 467, Subdivision
1(b), of the Real Property Tax Law, as amended, is hereby declared
to be applicable to the Town of Poestenkill.
It is additionally provided that any subsequent modification
of Real Property Tax Law § 467 shall, upon the effective
date thereof, also be deemed contemporaneously applicable to the Town
of Poestenkill so as to afford to the Town's senior citizens the greatest
available tax exemptions and/or income limitations then provided or
permitted by the statute.
