[Adopted 3-21-1994 by L.L. No. 1-1994]
The provisions of § 1903 of the Real Property Tax Law concerning homestead base proportions are hereby adopted.
The homestead base proportions shall be established by resolution of the Board of Trustees of the Village of Menands in accordance with the rules of the State Board of Equalization and Assessment and shall apply to taxes levied on the 1994 final assessment roll and to taxes levied on subsequent rolls until this article shall be repealed.