[Adopted 8-28-1967 (Ch. 15 of the 1966 Code); amended in its entirety 12-9-2013 by L.L. No. 4-2013]
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 $14,000.