The provisions of Real Property Tax Law § 1903,
concerning homestead base proportions, are hereby adopted.
The homestead base proportions shall be established
by resolution of the Village Board of the Village of Piermont in accordance
with the provisions of Article 19 of the Real Property Tax Law and
shall apply to taxes levied on the 2006 final assessment roll and
to taxes levied on subsequent rolls, until this article is repealed.