There is hereby authorized a fifty-percent village
tax exemption on real property in the Village of Morrisville owned
by persons sixty-five (65) years of age or over, whose income does
not exceed six thousand five hundred dollars ($6,500.) during the
income tax year immediately preceding the date of application and
who otherwise meet the qualifications prescribed by § 467
of the Real Property Tax Law.
Applications for such exemption shall be filed
annually with the Assessors of the Town of Eaton on or before the
taxable status date of such town.