[Adopted 8-19-2002 by L.L. No. 3-2002]
The purpose of this article is to increase the maximum exemption allowable in Real Property Tax Law (RPTL) § 458-a(2)a, b and c to $18,000, $12,000, and $60,000 respectively.
This article shall take effect immediately upon its filing with the Secretary of State and shall be applicable to all assessment rolls prepared on or after January 1, 2003.