The text
(a)
The tax rate and valuation of real property owned by persons who are 70 years of age or older and who reside in owner-occupied, single-family homes where the income from all sources does not exceed $7,500.00 for a single person and does not exceed $15,000.00 for married couples shall not increase while such persons own the property.
(b)
Persons seeking such relief shall make application for same to the tax assessor no later than March 15 of each year.
(Ord. No. O-98-39, § I, 10-19-98)
Editor's note— Ordinance No. O-98-39, § I, adopted October 19, 1998, amended Ch. 74 by providing for § 74-47. Inasmuch as § 74-47 already existed in the Code, such provisions were included herein as § 74-50 at the editor's discretion.