Real property owned by one or more persons with disabilities,
or real property owned by a husband and wife, or both, or by siblings
at least one of whom has a disability, and whose income, as hereinafter
defined, is limited by reason of such disability, shall be exempt
from taxation hereinafter provided.
For purposes of this article, a "sibling" shall mean a brother
or sister, whether related through half blood, whole blood or adoption.
Exemption from taxation for school purposes shall not be granted
in the case of real property where a child resides if such child attends
a public school or elementary, or secondary education.
Application for such exemption must be made annually by the
owner, or all of the owners of property, on forms prescribed by the
state board, and shall be filed in such assessor's office on
or before the appropriate taxable status date; provided, however,
that proof of permanent disability need be submitted only in the year
exemption pursuant to this article is first sought or disability is
first determined to be permanent.
Notwithstanding any other provision of law to the contrary, the provisions of this article shall apply to real property held in trust solely for the benefit of a person or persons who would otherwise be eligible for a real property tax exemption, pursuant to §
105-2, were such person or persons the owner or owners of such real property.
The meaning of words and expressions as used in this article
shall be identical to their meanings as used in § 459-c
of the Real Property Tax Law of the State of New York, as same may
be amended from time to time.