[Adopted 2-18-1977 by L.L. No. 1-1977]
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
Town 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%.
This article shall take effect immediately upon filing with
the Secretary of State in accordance with § 27 of the Municipal
Home Rule Law.
