Real property owned by one or more persons, each of whom is
65 years of age or over, shall be exempt from taxation by the Town
of Urbana to the extent of 50% of the assessed valuation thereof,
provided that said person or persons qualifies for said exemption
pursuant to Chapter 616 of the Laws of the State of New York for the
year 1966.
[Added 9-10-1990 by L.L.
No. 2-1990; amended 2-27-1991]
The maximum income for eligibility for partial Town tax exemption
pursuant to § 467 of the Real Property Tax Law to the extent
of 50% of the assessed value of real property owned by one or more
persons, each of whom is 65 years of age or older, or real property
owned by husband and wife, one of whom is 65 years of age or over,
whose income or whose combined income for the income tax year immediately
preceding the date of making application for the exemption shall not
exceed $12,000.