[Adopted 4-18-1983 by L.L. No. 3-1983; amended in its entirety 1-16-2006 by L.L. No. 1-2006]
Any person who shall turn 65 years of age during the calendar year in which a tax roll is filed shall be eligible to apply for this exemption, even though his or her birthday may occur after the taxable status date. The Assessor is hereby authorized to grant an exemption to such person, provided proper application is made prior to the taxable status date. Such exemption shall be granted on the following basis:
Annual Income
Percentage of Assessed Valuation Exempt From Taxation
Less than or equal to $12,800
50%
More than $12,800 but less than or equal to $13,800
45%
More than $13,800 but less than or equal to $14,800
40%
More than $14,800 but less than or equal to $15,800
35%
More than $15,800 but less than or equal to $16,700
30%
More than $16,700 but less than or equal to $17,600
25%
More than $17,600 but less than or equal to $18,500
20%