[Adopted 11-7-1966; amended in its entirety 1-4-1996 by L.L. No. 1-1996]
A partial exemption from taxation to the extent
of 50% of the assessed valuation of real property which is owned by
certain persons with limited income who are 65 years of age or older
meeting the requirements set forth in § 467 of the Real
Property Tax Law is hereby granted.
The maximum income level for the fifty-percent
exemption is established at $8,000.
