The purpose of this article is to provide a limited exemption
from real property taxes pursuant to Subdivision 2(a), (b) and (c)
of § 458-a of the Real Property Tax Law.
Pursuant to Subdivision 2(d)(ii) of § 458-a of the
Real Property Tax Law, the maximum exemption allowable in Subdivision
2(a), (b) and (c) of § 458-a of the Real Property Tax Law
shall not exceed $12,000, $8,000 and $40,000, respectively.