Section 467 of the Real Property Tax Law enables the Town of
Macedon to grant a partial exemption up to 50% of the assessed valuation
of real property owned by one or more persons, each of whom is 65
years of age or over, or real property owned by husband and wife or
by siblings, one of whom is 65 years of age or over. The Town Board
may, by resolution, extend to eligible persons the benefits of § 467
upon terms and conditions set forth in said section and establish
eligibility income levels in accordance with law, and may amend the
same from time to time.