As provided in Subdivision 7 of § 485-b
of the Real Property Tax Law, the exemption table set forth in Subdivision
2(a) of that section shall be amended to read as follows:
Year of Exemption
|
Percentage of Exemption
|
1
|
0%
|
2
|
0%
|
3
|
0%
|
4
|
0%
|
5
|
0%
|
6
|
0%
|
7
|
0%
|
8
|
0%
|
9
|
0%
|
10
|
0%
|
[Amended 12-2-1999 by L.L. No. 3-1999]
This article shall take effect immediately,
as provided in the Municipal Home Rule Law; and an additional copy
shall be filed with the State Board of Real Property Services.