[Adopted 1-10-1985 by L.L. No. 1-1985; amended 8-12-1999 by L.L. No. 3-1999[1]]
[1]
Editor's Note: This local law provided that these amounts would go into effect beginning March 1, 2000, and that the aforesaid amounts shall not exceed the above stated amount, or the product of the above stated amount multiplied by the latest state equalization rate for the assessing unit or, in the case of a special assessing unit, the latest class ratio, whichever is less.
Pursuant to the authority of Subdivision 2(d) of § 458-a of the Real Property Tax Law, the amount of exemption provided by Subdivisions 2(a), (b) and (c) is hereby reduced as follows: 2(a): $15,000; 2(b): $10,000; and 2(c): $50,000.