[Adopted 6-23-1970 by L.L. No. 2-1970]
[Amended 8-27-1974 by L.L. No. 5-1974]
The Town of Oyster Bay hereby grants exemption from taxation
pursuant to and in accordance with § 467 of the Real Property
Tax Law of the State of New York, as amended.
[Amended 9-26-1972 by L.L. No. 2-1972; 8-27-1974 by L.L. No.
5-1974]
No exemption as provided for in § 209-1 shall be granted if the income of the owner or the combined incomes of the owners of the property involved exceeds that sum allowable under § 467 of the Real Property Tax Law of the State of New York, as amended.
[Amended 8-27-1974 by L.L. No. 5-1974]
This Article shall take effect January 1, 1975, and shall apply
to assessment rolls prepared on the basis of taxable status occurring
on and after such date.
