[Adopted 1-10-1967; 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.
The maximum income level for the fifty-percent exemption is
established at $28,399.99.
