[Adopted 11-8-1993 by L.L. No. 3-1993]
Subject to the definitions, provisions, limitations and conditions contained in § 467 of the Real Property Tax Law, and subject to the limitation set forth in § 165-6 below, real property owned by one or more persons, each of whom is 65 years of age or older, or real property owned by husband and wife or by siblings, one of whom is 65 years of age or older, shall be exempt from taxation by the Town of Royalton to the extent of 50% of the assessed value thereof.
[Amended 10-20-2014 by L.L. No. 3-2014; 3-9-2015 by L.L. No.
1-2015; 2-23-2017 by L.L. No. 2-2017]
The exemption from taxation provided for herein shall not be
granted where the income of the owners of the real property for the
income tax year immediately preceding the date of making application
for the exemption exceeds $19,500, or where the granting of such exemption
is prohibited by § 467 of the Real Property Tax Law, as
amended from time to time.
