[Adopted 6-20-1985 by L.L. No. 1-1985 (Ch. 119, Art. II,
of the 1986 Code)]
Pursuant to the authority of Subdivision 7 of § 485-b
of the Real Property Tax Law, the partial exemption from taxation,
special ad valorem levies and service charges provided by Subdivision
2 of such § 485-b to eligible real property assessed for
Village purposes is hereby reduced as provided herein. The exemption
granted for the first year shall be to the extent of 0%. Thereafter,
for each of the next succeeding nine years, such exemption shall be
0%.
