[Adopted 9-15-1976 by L.L. No. 1-1976]
The purpose of this article is to provide for
the reduction of the per centum of the real property tax exemption
provided for in § 485-b, Subdivision 2(a), of the Real Property
Tax Law.
As used in this article, unless otherwise expressly
stated, definitions shall be as set forth in § 485-b of
the Real Property Tax Law.
The real property tax exemption percentage as
set forth in Subdivision 2(a) of § 485-b of the Real Property
Tax Law be and the same is hereby reduced to zero percent 0%.
