The Town Board of the Town of Oyster Bay grants exemption from taxation pursuant to and in accordance with New York State Real Property Tax Law, § 467, persons 65 years of age or older, as amended.
[Adopted 2-16-1999 by L.L. No. 1-1999]
No exemption provided for in Oyster Bay Town Code § 209-24 shall be granted if the income of the owner or the combined incomes of the owners of the property involved exceed that sum allowable under New York State Real Property Tax Law, § 467, as amended.
This article shall take effect March 1, 1999, and shall apply to assessment rolls prepared on the basis of taxable status occurring on or after such date.