§ 288-14. Limitation of exemption.

Latest version.

The exemptions permitted by § 458-a of the Real Property Tax Law in Subdivision 2(a), (b) and (c) thereof shall be limited as follows:

A.
For Subdivision 2(a), the sum applicable shall be $54,000.

B.
For Subdivision 2(b), the sum applicable shall be $36,000.

C.
For Subdivision 2(c), the cumulative sum applicable shall be $180,000.

Amended 3-17-1998 by L.L. No. 4-1998; 4-20-2004 by L.L. No. 5-2004; 3-21-2006 by L.L. No. 4-2006; 3-18-2014 by L.L. No. 1-2014

                    
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