[A business investment exemption is in effect pursuant to § 485-b of the Real Property Tax Law. Per Subdivision 2(a) of said law, the following table shall illustrate the computation of the tax exemption:
Year of Exemption
Percentage of Exemption
1
50
2
45
3
40
4
35
5
30
6
25
7
20
8
15
9
10
10
5
Further information is available at the Village Clerk's office.]