§ 288-9. Grant of exemption.

An improvement to real property used only for residential purposes as a one- , two- or three-family residence, to the extent of any increase in value attributable to such improvement, shall be exempt from taxation if such improvement is made for the purpose of facilitating and accommodating the use and accessibility of such real property by a resident owner who is physically disabled, or by a member of the resident owner's household who is physically disabled, if such member resides therein, provided that the resident owner or resident member of the owner's household qualifies therefor and application for such exemption is made as hereinafter set forth.