[Adopted 11-8-1993]
[Amended 6-9-2005 by L.L. No. 2-2005]
The Town Board of the Town of Concord, after a public hearing, hereby grants to taxpayers within the Town of Concord over the age of 65 years exemption from real property taxation to the extent of 50% of the assessed valuation of said real property to said taxpayers within the Town of Concord with taxable income as defined by § 467 of the Real Property Tax Law in accordance with the provisions of § 467 of said Real Property Tax Law and in compliance with the requirements therein specified as to the extent and eligibility of said tax exemption.