[Adopted 10-16-1973 by L.L. No. 1-1973 (Ch. 106, Art. II, of the 1973 Code)]
The City of Hudson does hereby grant a tax exemption of 50% on real property within its said corporate limits owned by persons 65 years of age or over, pursuant to the provisions and qualifications as set forth in § 467 of the Real Property Tax Law of the State of New York, and the amendments and revisions thereof.
[Last amended 2-20-2007 by L.L. No. 1-2007]
No exemption shall be granted 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 application for exemption exceeds the sum of $34,399.99, as set forth in § 467, Subdivision 3(a), of the Real Property Tax Law of the State of New York.