[Amended 2-13-1984 by L.L. No. 3-1984; 8-1-1996 by L.L. No. 6-1996]
Real property situate in the Village of Fishkill,
Dutchess County, New York, owned by one or more persons, each of whom
is 65 years of age or over, or real property owned by husband and
wife, one of whom is 65 years of age or over, shall be exempt from
taxation by the Village of Fishkill to the extent of 50% of the assessed
valuation thereof, provided that the income of the owner or the combined
income of the owners of the property for the income tax year immediately
preceding the date of making application for the exemption shall not
exceed the sum of $13,500.
The right to said exemption, the procedures
for application therefor and the restrictions and limitations thereon
shall be as set forth in § 467 of the Real Property Tax
Law of the State of New York, as amended, and as from time to time
shall be amended.