The within article is authorized by § 467
of the Real Property Tax Law and any related amendments thereto wherein
a town, after a public hearing, may enact a local law granting a fifty-percent
tax exemption on real property owned by persons 65 years of age or
over meeting the statutory qualifications.
This article shall be deemed an exercise of
the powers of the Town of Catskill to provide for a partial tax exemption
for real property of aged persons. This article is not intended and
shall not be deemed to impair the powers of any other public corporation.