[Adopted 8-12-2008 by L.L. No. 6-2008]
Real property located within the Village of Woodbury 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 to the extent of 50% of the assessed valuation thereof if 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 the application for exemption does not exceed the sum of $6,500, provided that all other provisions of § 467 of the Real Property Tax Law are complied with in all respects.