[Adopted 9-12-1966 by Ord. No. 2-1966; amended in its entirety
at time of adoption of Code (see Ch. 1, General Provisions, Art. I)]
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.
[Amended 2-5-2018 by L.L.
No. 2-2018]
The maximum income level for the fifty-percent exemption is
established at $29,000.
