[Amended 11-26-2002 by L.L. No. 7-2002; 2-24-2004 by L.L. No. 1-2004; 12-26-2006 by L.L. No. 3-2007]
The maximum income level for the fifty-percent
exemption is established at $26,000. Beginning July 1, 2007, the maximum
income level for the fifty-percent exemption is established at $27,000.
Beginning July 1, 2008, the maximum income level for the fifty-percent
exemption is established at $28,000. Beginning July 1, 2009, the maximum
income level for the fifty-percent exemption is established at $29,000.
If the income of the owner or the combined income of the owners shall be within the ranges set forth in §
255-3 of this Code, they will receive a percentage of exemption as set forth in §
255-3 of this Code.