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Section 1: Article 11. Senior Citizens Exemption §194-15. Grant of Exemption A. Real property in the Village of Orchard Park owned by one or more persons, each of whom is 65 years of age or over, or real property owned by husband and wife or owned by siblings, one of whom is 65 years of age or over, shall be exempt from taxation by the Village to the extent of 50% of the assessed valuation thereof. Such exemption shall be computed after all other partial exemptions allowed by law have been subtracted from the total amount assessed. B. The real property tax exemption on real property owned by husband and wife, one of whom is 65 years of age or over, once granted, shall not be rescinded by the Village solely because of the death of the older spouse so long as the surviving spouse is at least 62 years of age. Section 2: §194-17. Graduated income schedule. Pursuant to §467 of the Real Property Tax Law and notwithstanding the provisions of §194-16A, the maximum income exemption eligibility level of the Village shall be increased as provided in the following schedule: Percentage of Assessed Valuation Annual Income Exempt from Taxation Income up to and including $19,500 50% More than $19,500 but less than $20,500 45% More than $20,500 but less than $21,500 40% More than $21,500 but less than $22,500 35% More than $22,500 but less than $23,400 30% More than $23,400 but less than $24,300 25% More than $24,300 but less than $25,200 20% More than $25,200 but less than $26,100 15% More than $26,100 but less than $27,000 10% More than $27,000 but less than $27,900 5%